Paramount Skydance sues WBD, says Netflix deal undervalues shareholders
New Delhi [India], January 13 (ANI): Paramount Skydance Corporation has filed a lawsuit against Warner Bros. Discovery (WBD) in the Delaware Chancery Court, escalating its challenge to WBD’s USD 82.7 billion deal with Netflix.
The legal move comes as Paramount presses ahead with its USD 30 per share all-cash offer for WBD, which it says is financially superior to the Netflix transaction.
