Paramount Skydance steps up its hostile bid for Warner Bros. Discovery with lawsuit money news.

Paramount Skydance steps up its hostile bid for Warner Bros. Discovery with lawsuit money news.

A hostile takeover bid for media giant Warner Bros. Discovery (WBD) has intensified and entertainment conglomerate Paramount has taken legal action to force the release of financial data. Paramount Skydance, which owns film production company Paramount Pictures and TV network CBS, has filed a legal suit seeking to force WBD to tell shareholders how much…

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Warner Bros. has once again rejected Paramount’s latest hostile bid, according to media reports.

Warner Bros. has once again rejected Paramount’s latest hostile bid, according to media reports.

The board of Warner Bros. Discovery (WBD) has unanimously rejected Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid is a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, the WBD board said Paramount’s offer depends on “an extraordinary amount of debt financing”…

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