Paramount files lawsuit against Warner Bros. amidst controversial Netflix merger [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
On Monday, Paramount CEO David Ellison announced that the company has filed a lawsuit against Warner Bros. Discovery (WBD) in Delaware, demanding greater financial disclosure regarding Netflix's $82.7 billion acquisition. In a letter to shareholders, Ellison disclosed that the lawsuit has been filed in the Delaware Chancery Court, requesting that WBD provide essential information that it allegedly has failed to share. Ellison argues that shareholders need accurate information to assess whether to accept Paramount's competing offer of $30 per share in cash, which he claims is superior to Netflix's deal. Ellison wrote, “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.” “Along with the WBD shareholders, we have asked for the customary financial disclosure a board is supposed to provide shareholders when making an investme
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News
- Paramount files lawsuit in pursuit of Warner Bros. Discovery and threatens proxy fight [CNN]CNN
- Paramount Goes Nuclear on Warner Bros. Discovery — and Everyone Will Feel the Pain | Analysis [Yahoo! Finance]Yahoo! Finance
- Paramount Not Giving Up On Buying Warner Bros., Launches Lawsuit [Yahoo! Finance]Yahoo! Finance
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- ‘A bone-headed move': Trump's shocking battle with Powell could badly backfire [Yahoo! Finance]Yahoo! Finance
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 1/12/26 - Form DFAN14A
- 1/12/26 - Form SC
- 1/9/26 - Form DFAN14A
- WBD's page on the SEC website