Chris Palmieri

This isn't their thing, doing these big acquisitions.

And so people wondered, how committed are they to this?

This is a signal that they're still committed to doing this deal.

Paramount from here, as they're trying to get more details about the valuation process that Warner Brothers went through public,

They're continuing with their tender offer.

If it comes down to a shareholder vote over the deal, they'll oppose that.

If it comes down to an annual meeting, they will propose an alternative slate.

So that's Paramount's strategy.