Business Insider·2026-01-15 16:54Core Viewpoint - Paramount's legal efforts to compel Warner Bros. Discovery (WBD) to disclose the valuation of its cable networks have been unsuccessful, impacting its acquisition strategy [1][2]. Group 1: Legal Proceedings - A Delaware judge ruled against Paramount's motion for expedited discovery, stating that Paramount did not demonstrate it would suffer irreparable harm if the request was not granted [2]. - WBD's legal team argued that there was no emergency requiring the immediate disclosure of its cable assets' valuation, and that Paramount's deadline for shareholders was arbitrary [9][10]. Group 2: Acquisition Attempts - Paramount has made eight offers to acquire WBD, all of which have been rejected in favor of a deal with Netflix [6]. - Paramount's all-cash offer of $30 per share is considered superior to Netflix's cash-and-stock bid of $27.75 per share for WBD's studio and HBO assets [6]. Group 3: Shareholder Implications - The valuation of WBD's cable networks is crucial for shareholders to make informed decisions regarding the competing bids from Paramount and Netflix [7][8]. - Paramount's legal representatives emphasized that WBD shareholders are being harmed by the lack of information regarding the valuation of the cable networks [8].