Paramount-backed investor eyes Warner Bros board seat amid Netflix deal battle

• Paramount Skydance considers a boardroom challenge at Warner Bros Discovery to derail its Netflix tie-up.
• Matthew Halbower, founder of Pentwater Capital Management and a major Warner Bros Discovery shareholder, discussed a potential board election with Paramount.
• Pentwater, the seventh-largest investor, publicly backs Paramount's acquisition bid and criticizes the board's handling of competing offers.
• Halbower urges the Warner Bros board to negotiate with Paramount, stating he would only seek a seat if they fail their fiduciary duties.
• Paramount has enhanced its offer, including additional cash per quarter and covering Warner Bros' $2.8 billion termination fee to Netflix.