The Warner Bros. sale process was 'murky,' he said, and noted Netflix has lost more than $110 billion in market value since its third-quarter earnings release. (Photo: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Paramount Skydance Corp. released a letter to Warner Bros. Discovery Inc. investors on Wednesday asking them to support its tender offer for the entertainment company’s shares and not the rival Netflix Inc. merger.

Paramount Chief Executive Officer David Ellison said Warner Bros. investors were in for a 'long and bumpy ride' due to the “severe regulatory uncertainty” surrounding the Netflix bid. Paramount has lined up all the necessary financing for its $30-a-share, all-cash bid, he said.

"Paramount’s offer not only delivers superior value and cert

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