Paramount’s Warner takeover bid hits court snag as Netflix deal heads toward proxy fight
WILMINGTON, Del., Jan 17, 2026, 17:10 (EST) A Delaware judge declined to fast-track Paramount Skydance’s attempt to access Warner Bros Discovery’s disclosures amid the battle over Netflix’s $82.7 billion takeover bid. Vice Chancellor Morgan Zurn ruled Paramount failed to prove “cognizable irreparable harm.” A lawyer for Warner argued, “This movie is still being shot.” Paramount insisted shareholders should question why the board is “working so hard to hide this information,” while Warner’s team fired back, “The auction ended last year, and Paramount lost.” (Reuters) The ruling comes just ahead of Paramount’s Jan. 21 deadline for its tender offer—a direct appeal