In a notable turn for the sale of the Warner Bros. empire, the David Ellison’s Paramount has issued a letter to the board of the studio it hopes to acquire questioning if the David Zaslav-led company is overseeing “a tilted and unfair process.”
Warner Bros. Discovery lawyers have replied to the letter, in a note viewed by The Hollywood Reporter, deflecting concerns and saying, “Please be assured that the WBD Board attends to its fiduciary obligations with the utmost care, and that they have fully and robustly complied with them and will continue to do so.”
More to come.
