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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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Warner’s Board Again Urges Shareholders to Reject Paramount’s Hostile-Takeover Bid
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Warner’s Board Again Urges Shareholders to Reject Paramount’s Hostile-Takeover Bid

The drama over Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery continues. On Wednesday, the WBD board again unanimously recommended that its shareholders reject Paramount’s offer on the grounds that it was “inferior” to the Netflix deal. On Wednesday morning, WBD’s board chair Samuel Di Piazza was quoted by CNBC as saying; “We have…

Edward Moran
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