After Failed Hostile Takeover Bid, David Ellison's Paramount Skydance Sues Warner Bros. Over Netflix Deal

Paramount Skydance Corp (NYSE:PSKY) escalated its battle with Warner Bros. Discovery (NASDAQ:WBD) by filing a lawsuit on Monday, demanding that the HBO owner disclose financial details of its nearly $83 billion deal with Netflix Inc (NASDAQ:NFLX). Paramount CEO David Ellison is also launching a proxy fight to replace Warner Bros.’ board with directors who would negotiate with Paramount. Ellison expressed frustration in an open letter, questioning why Warner Bros. has not engaged in discussions: "We remain ...