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Paramount intensifies fight over Warner Bros
Paramount Skydance ratcheted up the stakes in the months-long battle for Warner Bros. Discovery, saying it plans to nominate directors to the board to thwart a merger with Netflix.
The company, run by David Ellison, also said it filed a lawsuit against Warner Bros. in an attempt to force out into the open more details about Netflix’s $82.7-billion takeover agreement, escalating an acrimonious bidding war between the media company and the streaming giant that has captivated Hollywood and Wall Street.
[Bloomberg]
Paramount Skydance ratcheted up the stakes in the months-long battle for Warner Bros. Discovery, saying it plans to nominate directors to the board to thwart a merger with Netflix.
The company, run by David Ellison, also said it filed a lawsuit against Warner Bros. in an attempt to force out into the open more details about Netflix’s $82.7-billion takeover agreement, escalating an acrimonious bidding war between the media company and the streaming giant that has captivated Hollywood and Wall Street.
[Bloomberg]