Paramount Files Proxy Materials and Extends Tender Offer

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January 22, 2026

Amended Netflix merger agreement represents acknowledgment by WBD that its original agreement was inferior, but new transaction remains inferior to Paramount's $30 per share all cash offer

Paramount will solicit WBD shareholders to vote against the Netflix transaction and other proposals at WBD special meeting

Paramount extends its tender offer as it continues to work toward regulatory clearance

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