Paramount Skydance Sues Warner Bros Over Netflix Deal

Paramount Skydance sued Warner Bros Discovery for more information on a $82.7 billion deal with Netflix, escalating a battle for control of one of the most storied Hollywood studios. Paramount plans to nominate directors to Warner Bros Discovery's board and propose an amendment to its bylaws to require shareholder approval for any separation of its cable TV business. Paramount reiterated its amended $108.4 billion bid after the Warner Bros board's rejection, with the offer including $40 billion in equity and $54 billion in debt.