Tim Scott Pens Letter to SEC on WBD, Netflix Deal: NYT Dealbook

Senator Tim Scott expressed concern about “the inadequacy of the information” that Warner Bros. Discovery has disclosed in regulatory filings, according to a copy of a letter written last week to SEC Chairman Paul Atkins obtained by DealBook.

• Scott focused on a warning in Warner Bros. Discovery’s proxy that how much cash Netflix will pay may be reduced, depending on how much debt Warner Bros. Discovery moves from its cable business, which would be spun out, to the streaming and studio assets that Netflix is set to buy. Warner Bros. Discovery hasn’t given a firm number
  • “WBD’s stockholders are being ...