Paramount Not Giving Up On Buying Warner Bros., Launches Lawsuit
Despite multiple rejections of its bids, Paramount remains intent on buying Warner Bros. Discovery and has now launched a lawsuit against the company over the matter. What's more, Paramount said it will seek to nominate its own team of directors at the WBD 2026 Annual Meeting this year, which could trigger a so-called proxy fight for the company's future.Paramount boss David Ellison said in a memo to WBD shareholders that it filed suit in court today, January 12, calling on the court to direct W