{"id":518421,"date":"2026-01-15T17:33:10","date_gmt":"2026-01-15T17:33:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/518421\/"},"modified":"2026-01-15T17:33:10","modified_gmt":"2026-01-15T17:33:10","slug":"judge-rejects-paramounts-request-to-expedite-case-against-warner-bros","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/518421\/","title":{"rendered":"Judge rejects Paramount’s request to expedite case against Warner Bros."},"content":{"rendered":"\n

Paramount suffered a blow in a Delaware courtroom Thursday as a judge refused to expedite its lawsuit against Warner Bros. Discovery seeking information about internal deliberations and a financial analysis.<\/p>\n

Reuters reported that Vice Chancellor Morgan T. Zurn of the Delaware Chancery Court said during a hearing that Paramount had failed to show it would suffer \u201ccognizable irreparable harm\u201d without the financial details it sought.<\/p>\n

Now the pressure is on Paramount to win over Warner shareholders before next week\u2019s tender offer deadline. Investors have until Wednesday to sell their stock to Paramount for $30 a share. Paramount could extend that deadline. <\/p>\n

Paramount sued on Monday,<\/a> claiming investors needed information that Warner has yet to provide about how board members valued various assets in determining that its sale to Netflix was more lucrative. <\/p>\n

Paramount wanted the judge to fast-track the proceedings to help boost its outreach to Warner shareholders. <\/p>\n

The David Ellison-led company has insisted its $108-billion deal, including absorption of Warner debt, represents a higher value for Warner shareholders than Netflix\u2019s Dec. 4 cash-and-stock deal. Warner board members closed the auction that night, awarding Netflix the prize.<\/p>\n

Netflix, which has seen its stock slide about 17% since early December, is reportedly weighing whether to bolster its bid by offering all cash for Warner Bros. movie and television studio, HBO and HBO Max. Netflix declined to comment.<\/p>\n

Paramount wants to buy all of Warner Bros. Discovery, including CNN and the other basic cable channels. <\/p>\n

In a statement Thursday, Warner Bros. Discovery said Paramount Skydance\u2019s legal challenge \u201cwas yet another unserious attempt to distract and the Judge saw right through it.\u201d<\/p>\n

\u201cWe are pleased a Delaware Court agreed with our belief and rejected the notion that this lawsuit needed special treatment and may have other serious flaws,\u201d Warner Bros. Discovery said. \u201cDespite its multiple opportunities, Paramount Skydance continues to propose a transaction that our board unanimously concluded is not superior to the merger agreement with Netflix.\u201d<\/p>\n

Paramount downplayed its latest setback, saying Zurn\u2019s ruling \u201cdoes not pertain to the merits of Paramount\u2019s claim.\u201d<\/p>\n

Paramount, in its statement, said that Warner shareholders deserved information about how Warner board\u2019s evaluated the value for Warner\u2019s cable channels to better compare the two proposals. <\/p>\n

Netflix doesn\u2019t want the cable channels allowing Warner to move forward with plans to spin off those channels this summer. Warner shareholders would get stock in that new company, called Discovery Global.<\/p>\n

\u201cWBD shareholders should ask why their Board is working so hard to hide this information,\u201d Paramount said, adding it \u201ccontinues to urge WBD to make these disclosures so that WBD shareholders can make an informed decision.\u201d<\/p>\n

Times staff writer Samantha Masunaga contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Paramount suffered a blow in a Delaware courtroom Thursday as a judge refused to expedite its lawsuit against…\n","protected":false},"author":3,"featured_media":518422,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[3387,231038,1582,198667,276,3853,231039,12644,10067,6616,2961,224,5337,4659,15329,43855,9580,1021,231037],"class_list":{"0":"post-518421","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-board","9":"tag-board-member","10":"tag-ca","11":"tag-cable-channel","12":"tag-california","13":"tag-deal","14":"tag-high-value","15":"tag-information","16":"tag-investor","17":"tag-judge","18":"tag-la","19":"tag-los-angeles","20":"tag-losangeles","21":"tag-netflix","22":"tag-paramount","23":"tag-request","24":"tag-stock","25":"tag-warner-bros","26":"tag-warner-shareholder"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115900317911642769","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/518421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=518421"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/518421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/518422"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=518421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=518421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=518421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}