Paramount Skydance Corp announced that the company will continue to advance the existing equity acquisition offer process and maintain its opposition to the merger proposal put forward by Netflix.
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The company emphasized that, compared to the merger proposal with Netflix, its existing plan offers greater strategic value and better protection of shareholder interests. Paramount Skydance Corp will continue to oppose this merger transaction, which is considered to have inferior terms, through the solicitation process, in order to safeguard the company’s long-term development path and shareholder rights.
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