Paramount Sues Warner Bros Discovery, Seeks Board Nominations Over Netflix Deal

Paramount filed a lawsuit Monday to ask the court to force Warner Bros. to provide information so that shareholders have what they need to be able to make an informed decision as to whether to tender their shares into its offer

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Moneycontrol•12-01-2026, 20:24

Paramount Sues Warner Bros Discovery, Seeks Board Nominations Over Netflix Deal

•Paramount Skydance Corp. plans to nominate directors to Warner Bros. Discovery Inc.'s board.
•The nomination aims to vote against the proposed merger between Warner Bros. and Netflix Inc.
•Paramount has filed a lawsuit to compel Warner Bros. to disclose information for shareholder decision-making.
•Paramount is maintaining its $30 per share offer for Warner Bros., urging shareholders to tender their shares.
•Paramount criticizes Warner Bros. for not disclosing valuation of cable-TV assets and other transaction details.

Why It Matters: Paramount is challenging Warner Bros. Discovery's Netflix merger, offering a higher bid and seeking transparency.

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