Netflix deal: Paramount Skydance sues Warner Bros Discovery; seeks disclosure on $82.7 billion deal

Paramount Skydance is escalating its battle for Warner Bros. Discovery by suing for greater disclosure on the proposed Netflix deal. The company also plans to nominate directors and launch a proxy contest, arguing its all-cash offer is superior and seeking shareholder approval for any cable asset separation.

Netflix deal: Paramount Skydance sues Warner Bros Discovery; seeks disclosure on $82.7 billion deal
Paramount Skydance is escalating its battle for Warner Bros. Discovery by suing for greater disclosure on the proposed Netflix deal. The company also plans to nominate directors and launch a proxy contest, arguing its all-cash offer is superior and seeking shareholder approval for any cable asset separation.