Paramount, David Ellison and Warner Bros.
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If past is present in Hollywood, there's lessons for both David Ellison and David Zaslav from merger mania 100 years ago.
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.
Warner Bros. blasted Paramount, saying the David Ellison-led company's lawsuit was "yet another unserious attempt to distract and the Judge saw right through it."
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.
A judge ruled Paramount hasn't identified “irreparable harm” to itself as a Warner Bros. Discovery shareholder and denied a motion to expedite disclosure.
A Delaware judge dismissed Paramount's motion to expedite the lawsuit against WBD, which is seeking details on how WBD valued the overall Netflix transaction and the proposed Discovery Global networks spin-off.