Paramount Skydance Sues Warner Bros. Discovery Amid Takeover Battle
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CNBC TV18•12-01-2026, 22:03
Paramount Skydance Sues Warner Bros. Discovery Amid Takeover Battle
- •Paramount Skydance filed a lawsuit against Warner Bros. Discovery (WBD) and CEO David Zaslav in a Delaware court.
- •The lawsuit aims to force WBD to reveal more details about its sale process and its proposed transaction with Netflix.
- •Paramount Skydance CEO David Ellison claims WBD's disclosures are insufficient regarding asset valuation and the Netflix deal's pricing.
- •WBD's board previously advised shareholders to reject Paramount's revised offer, which did not include a higher purchase price.
- •Paramount argues its all-cash offer is superior and questions the fairness of WBD's sale process.
Why It Matters: Paramount Skydance escalates its bid for WBD with a lawsuit demanding transparency on the Netflix deal.
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