Paramount sues after Warner Bros. Discovery rejects its latest deal

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Paramount is turning up the pressure on Warner Bros. Discovery in the wake of its merger with Netflix, as it's now suing the David Zaslav-helmed company in an attempt to get more details surrounding the agreement. In addition to the lawsuit, Paramount CEO David Ellison revealed that the company plans to nominate directors to WBD's board to vote against its deal with Netflix.

After fielding offers from a range of companies, including Paramount, WBD settled on a deal with Netflix, which will acquire the company's studio, HBO, and HBO Max for $82.7 billion. But Paramount isn't taking no for an answer; the company launched a $108.4 billion host …

Read the full story at The Verge.



source https://www.theverge.com/news/860664/paramount-warner-bros-discovery-lawsuit-netflix-merger

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