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Paramount
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Paramount Skydance Sues Warner Bros. Discovery in Takeover Strategy

©Courtesy of Paramount Skydance  Paramount Skydance has announced its intention to sue Warner Bros. Discovery as part of its takeover strategy. According to Variety, the suit, filed on Monday in Delaware Chancery Court, is designed to force WBD to disclose details of its $83 billion deal with Netflix. Meanwhile, Warner’s board just rejected Paramount’s latest…

Edward Moran
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Paramount Pictures
News

Warner Bros Discovery Board Rejects Rival Bid from Paramount

©Courtesy of Paramount Pictures  Warner Bros. Discovery announced on Wednesday morning that it is giving a thumbs-down to Paramount’s hostile takeover bid, arguing that Netflix would be a better suitor. Paramount is offering $30 per share for the entire company, while Netflix is making a $27.75-per-share offer for Warner Bros. and HBO. In a letter…

Edward Moran
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