Paramount’s David Ellison argued Monday that its all-cash offer offers more stability and certainty than Netflix’s cash-and-stock bid, which is only for part of Warner Bros. Discovery and would leave its declining cable assets in public shareholders’ hands.
Documents filed Monday by Paramount show deep discontent with how Warners’ bankers ran the sales process, with accusations of vague feedback, short turnaround times for document review, and a sense that Warner CEO David Zaslav openly favored Netflix. Nor, Paramount says, was there any real-time back-and-forth on price — somewhat unusual in an auction process.
“Roger I appreciate you’re crazy busy. In case you can’t call back pls note 1 we wanted to offer complete certainty 2 strong cash value 3 speed to close. Pls note more importantly we did not include “best and final” in our bid,” Centerview’s Blair Effron…
