NASDAQ:WBD 11 January 2026 - 20 January 2026

WILMINGTON, Del., Jan 17, 2026, 17:10 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.”

New York, January 13, 2026, 11:08 — Regular session Netflix, Inc. shares were little changed on Tuesday after Paramount Skydance sued Warner Bros Discovery and said it would nominate directors in a bid to block Warner’s planned deal with Netflix, Reuters reported. Paramount is pitching a $30-per-share all-cash tender offer — an offer to buy stock directly from shareholders — that expires on Jan. 21, versus Netflix’s $82.7 billion cash-and-stock agreement valued at $27.75 per share for Warner’s studios and streaming assets. Netflix was up 0.03% at $89.44 in late-morning trade, while Warner fell 0.3% and Paramount Skydance slipped 0.5%.

Paramount has urged U.S. lawmakers to take a hard look at Netflix’s proposed acquisition of key Warner Bros Discovery assets. In a written filing, the company labeled the deal “presumptively unlawful.” Paramount also dismissed claims that free video platforms can compete with paid streaming as “psychedelic antitrust,” arguing there’s “no ground in market or legal reality” for such comparisons. This shift is significant, ramping up political pressure on a takeover battle already drawing regulatory scrutiny. Warner Bros Discovery’s board has urged shareholders to support its deal with Netflix, dismissing Paramount Skydance’s bid. The board flagged the rival offer’s heavy debt load as a risky bet if the deal falls through.