WBD says the Ellisons have "consistently misled" shareholders, including claiming Paramount's proposal had a "full backstop" but it "does not, and never has" (New York Times)
New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount’s proposal had a “full backstop” but it “does not, and never has” — The claim was made as part of Warner Bros. Discovery’s dismissal of Paramount’s hostile takeover offer.