Paramount Sues Warner Bros Discovery, Seeks Board Nominations Over Netflix Deal

• Paramount Skydance Corp. plans to nominate directors to Warner Bros. Discovery Inc.'s board.
• The nomination aims to vote against the proposed merger between Warner Bros. and Netflix Inc.
• Paramount has filed a lawsuit to compel Warner Bros. to disclose information for shareholder decision-making.
• Paramount is maintaining its $30 per share offer for Warner Bros., urging shareholders to tender their shares.
• Paramount criticizes Warner Bros. for not disclosing valuation of cable-TV assets and other transaction details.

Why It Matters: Paramount is challenging Warner Bros. Discovery's Netflix merger, offering a higher bid and seeking transparency.