Paramount steps up hostile bid for Warner Bros with law suit
A hostile takeover bid for media giant Warner Bros Discovery (WBD) has ratcheted up with entertainment conglomerate Paramount taking legal action to force the release of financial data.
Paramount has launched a $108.4bn (£81bn) hostile bid for Warner Bros, challenging Netflix, which had reached a $72bn (£54bn) takeover deal with the company.
The multibillion-pound Paramount Skydance acquisition of Warner Bros Discovery has come even closer to becoming a reality after shareholders voted to accept the offer.
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