Paramount escalates battle for Warner Bros. with lawsuit, calls for financial transparency [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
In a letter to Warner Bros. shareholders Monday, Paramount CEO David Ellison announced his company had filed a lawsuit against Warner Bros. in Delaware Chancery Court — Paramount's latest move in its ongoing attempts to make a hostile takeover of the entertainment company. The lawsuit calls on the court to force Warner Bros. to disclose clear financial information about the Netflix deal, particularly why Warner Bros. favors Netflix's offer over Paramount's all-cash tender bid, which Ellison considers a lower-risk, higher value, “superior offer.” “We are surprised by the lack of transparency on WBD's part regarding basic financial matters,” Ellison said in the Monday letter “It just doesn't add up,” he added. “WBD has provided increasingly novel reasons for avoiding a transaction with Paramount, but what it has never said, because it cannot, is that the Netflix transaction is financially superior to our actual offer.” During the next Warner Bros. shareholder meeting, Ellison s
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PSKY
Earnings
- 11/10/25 - Miss
PSKY
Sec Filings
- 1/15/26 - Form 4
- 1/15/26 - Form 3
- 1/14/26 - Form 8-K
- PSKY's page on the SEC website