Paramount Skydance Sues Warner Bros. Over Netflix Deal in Escalation of Hostile Takeover Bid
ByAinvest
Wednesday, Jan 14, 2026 9:38 pm ET1min read
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Paramount Skydance Corp sues Warner Bros. Discovery over the latter's $83 billion deal with Netflix. Paramount CEO David Ellison is also launching a proxy fight to replace Warner Bros.' board. Ellison expressed frustration, questioning why Warner Bros. has not engaged in discussions. Warner Bros. dismissed the lawsuit as "meritless," suggesting Paramount should offer more money instead of legal challenges.
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