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Paramount Skydance Sues Warner Bros. Discovery Over Netflix Deal Disclosures

Paramount argues its $30-per-share all-cash offer provides higher and more certain value than Netflix’s mixed consideration.
Paramount Skydance Sues Warner Bros. Discovery Over Netflix Deal Disclosures
The Paramount logo on the water tower at Paramount Studios in Los Angeles. Mario Tama/Getty Images
Evgenia Filimianova
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Paramount Skydance is suing Warner Bros. Discovery (WBD) after it turned down Paramount’s hostile takeover bid and chose to move ahead with a deal with Netflix instead.

Paramount said on Jan. 12 that WBD failed to provide shareholders with sufficient financial disclosure about its proposed $72 billion transaction with Netflix.
Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.