Paramount eyeing Pentwater’s Halbower for Warner board seat, Reuters reports

Paramount Skydance (PSKY) is eyeing Matthew Halbower, a prominent hedge fund manager and investor in Warner Bros Discovery (WBD) to run for a seat on the media company’s board in an effort to try and dash its proposed tie-up with Netflix (NFLX), Reuters reports. Paramount is holding talks with Halbower, the founder of Pentwater Capital Management, the seventh-largest investor in Warner Bros., to be a potential director-candidate later this year if the company pursues a board fight at Warner, he confirmed to Reuters. “I want the board of Warner Bros to exercise their fiduciary duties and negotiate with Paramount,” Halbower said in an interview. “If they’re exercising their fiduciary responsibilities, then there’s no need for me to go on the board.”