Paramount Skydance sues Warner Bros for details on Netflix deal

Paramount Skydance on Monday sued Warner Bros Discovery for more information ‍on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most ⁠storied Hollywood studios.

The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery’s board, in one of its most aggressive steps yet to convince shareholders that its hostile $30-per-share cash bid is superior ‌to the $27.75-per-share ‌cash-and-stock offer from Netflix.