Paramount Skydance Sues Warner Bros Discovery Over Netflix Deal Details

• Paramount Skydance has filed a lawsuit in the Delaware Court of Chancery seeking details on Netflix's $82.7 billion deal with Warner Bros Discovery.
• Paramount Skydance is pushing its $108.7 billion all-cash offer for Warner Bros Discovery as a superior alternative.
• The company plans to nominate directors to Warner Bros Discovery's board and propose a bylaw amendment requiring shareholder approval for separating the cable TV business.
• Paramount Skydance's all-cash bid of $30 per share covers the entire Warner Bros Discovery portfolio, unlike Netflix's $27.75 cash-and-stock offer for studios and streaming assets only.
• The lawsuit aims to uncover the financial analysis behind Warner Bros Discovery board's endorsement of the Netflix merger, strengthening Paramount Skydance's position.

Why It Matters: Paramount Skydance sues Warner Bros Discovery for Netflix deal details, pushing its own higher all-cash bid.