Netflix(US:NFLX) Xin Lang Cai Jing·2026-01-13 04:19Core Viewpoint - Paramount Pictures has filed a lawsuit against Warner Bros Discovery, demanding disclosure of the valuation basis for its remaining cable business equity and more details regarding its deal with Netflix, while also planning to nominate its own candidates to Warner Bros' board to block Netflix's acquisition [1][2]. Group 1 - Paramount's proposal includes a full cash offer of $30 per share for Warner Bros, which it claims is superior to Netflix's offer of $27.75 per share in cash and stock [1]. - Paramount intends to propose amendments to Warner Bros' corporate bylaws, requiring shareholder approval for any transaction involving the divestiture of its cable business, which is a critical component of the Netflix deal [1]. - Warner Bros has rejected Paramount's latest bid of $108.4 billion, labeling it a "leveraged buyout" that would burden Warner Bros with $87 billion in debt [2]. Group 2 - Warner Bros has stated that Paramount's proposal does not surpass the collaboration agreement with Netflix, highlighting that Paramount has not improved its offer or addressed significant flaws in its proposal [2]. - The competition between Paramount and Netflix for Warner Bros and its extensive content library, including major IPs like "Harry Potter," "Game of Thrones," and the DC Comics universe, is intensifying [2].