Paramount Skydance Sues Warner Bros. Discovery Over Netflix Deal Disclosures

Paramount argues its $30-per-share all-cash offer provides higher and more certain value than Netflix’s mixed consideration.The Paramount logo on the water tower at Paramount Studios in Los Angeles. Mario Tama/Getty Images1/12/2026|Updated: 1/12/2026Paramount Skydance is suing Warner Bros. Discovery (WBD) after it turned down Paramount’s hostile takeover bid and chose to move ahead with a deal with Netflix instead.Paramount said on Jan. 12 that WBD failed to provide shareholders with sufficient financial disclosure about its proposed $72 billion transaction with Netflix.Evgenia FilimianovaAuthorEvgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.Author’s Selected Articles