Democratic Senator Corey Booker, the ranking member on the Senate’s antitrust committee, sent letters to Warner Bros. Discovery and firms advising it regarding its merger deal with Paramount Skydance about potentially undisclosed conflicts of interest.
- Booker sent letters to Warner Bros. Discovery, Allen & Company and Evercore
- Booker says an April 16 Warner Bros.
filing acknowledged that the company’s original proxy statement “omitted material facts about the conflicts of interest of the financial advisors whose opinions the board relied on to recommend the deal”- “The April 16 supplement now reveals that those advisors had financial relationships with the buyer’s ecosystem ...
- “The April 16 supplement now reveals that those advisors had financial relationships with the buyer’s ecosystem ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.