Paramount Skydance is eyeing a prominent hedge fund manager and investor in Warner Bros Discovery to run for a seat on the media company's board to try and scuttle its proposed tie-up with Netflix.
Paramount is holding discussions with Matthew Halbower, the founder of Pentwater Capital Management, to be a potential director-candidate later this year if the company pursues a board fight at Warner Bros, he confirmed to Reuters.
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.