Paramount Sues WBD For Details Around Sale, Plans Proxy Fight As It Escalates Battle To Derail Netflix Deal

In a major escalation, David Ellison’s Paramount said it intends to to nominate directors for election at the Warner Bros. Discovery 2026 annual meeting to solicit against the approval of the Netflix transaction. It also filed suit in Delaware Chancery Court seeking disclosure of “basic information to enable WBD shareholders to make informed decision” of whether or not to tender their shares. An “advance notice window for WBD’s 2026 annual meeting opens in three weeks, and Paramount will nominate a slate ...