Paramount Skydance Sues Warner Bros Over Netflix Deal Data, Plans Board Nominations
Business
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News18•13-01-2026, 08:06
Paramount Skydance Sues Warner Bros Over Netflix Deal Data, Plans Board Nominations
- •Paramount Skydance has sued Warner Bros Discovery (WBD) demanding more information on its $82.7 billion deal with Netflix.
- •Paramount plans to nominate directors to WBD's board, asserting its $108.7 billion all-cash bid is superior to Netflix's cash-and-stock offer.
- •WBD previously rejected Paramount's $108.4 billion hostile bid, deeming it 'inadequate' and a 'risky leveraged buyout'.
- •WBD's board unanimously determined Paramount Skydance's offer was not in the best interests of shareholders and not a 'Superior Proposal' compared to Netflix's.
- •Paramount filed the lawsuit in the Delaware Court of Chancery, seeking financial analysis behind WBD's support for the Netflix merger.
Why It Matters: Paramount Skydance escalates its bid for Warner Bros, suing for Netflix deal data and planning board nominations.
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