Netflix, Paramount and Warner Bros.
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Paramount is taking its pursuit of CNN’s parent company Warner Bros. Discovery to court. On Monday Paramount CEO David Ellison announced a lawsuit in Delaware Chancery Court, where shareholders typically bring corporate disputes, as it attempts a hostile takeover of the iconic entertainment company.
The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros.
According to Variey, this morning Paramount Skydance filed a lawsuit in Delaware court asking that Warner Bros. make public financial details of its decision to accept an $83 billion deal with Netflix. This comes after the board of Warner Bros. rejected Paramount’s $30 per share offer for the entirety of Warner Bros. Discovery.
Paramount is seeking hard numbers and calculations that Warner Bros. Discovery used to rebuff its $30 a share cash offer in favor of a Netflix deal.
10hon MSN
Paramount Lawsuit Accuses WBD Board of ‘Misleading’ Investors, Says Cable Spinoffs Have Zero Value
After being rejected eight times by WBD, Paramount CEO David Ellison announced his intentions of starting a proxy battle
Beth and Rip's Yellowstone spinoff got an official title after Kayce Dutton's show was renamed. During the 2026 Golden Globes on Sunday1, CBS aired a teaser showing a brief clip from Kelly Reilly and Cole Hauser's highly-anticipated series: Dutton Ranch.
Film and TV producer David Ellison acquired control of Paramount in August. He’s put reinvigorating brands like MTV and CBS News among his priorities. If he finds a strategic partner for MTV the strategy could serve as a template for other Paramount businesses.