Yahoo Finance·2026-01-12 18:10Core Viewpoint - Paramount Skydance Corp. is intensifying its efforts to acquire Warner Bros. Discovery Inc. by nominating directors to the board and filing a lawsuit to reveal details about Netflix's $82.7 billion takeover agreement, amid a competitive bidding war [1]. Group 1: Acquisition Attempts - Paramount has been pursuing Warner Bros. for four months, making multiple offers that have been rejected by Warner Bros.'s board [2]. - Paramount argues that its $30-a-share offer for Warner Bros. is superior, claiming it has fewer risks and costs compared to the Netflix deal [3]. Group 2: Legal Actions - Paramount has filed a lawsuit against Warner Bros. in Delaware Chancery Court, alleging that Warner Bros. failed to provide adequate disclosures to shareholders regarding the Netflix deal [6]. - The lawsuit requests the court to mandate Warner Bros. to correct misleading disclosures and provide detailed information on the valuations and risk adjustments related to the Netflix offer [6]. Group 3: Strategic Positioning - Warner Bros. plans to spin off its cable-TV channels, Discovery Global, which it believes enhances the attractiveness of the Netflix offer [4]. - Paramount contends that shares in Discovery Global are essentially worthless and maintains that its all-cash offer is more beneficial for investors [4].