Paramount Calls Warner Bros. Sale ‘Tainted’ in Letter to CEO

Netflix Falls on Report It's Leading Bidder for Warner Bros.

Paramount Skydance Corp. accused Warner Bros. Discovery Inc. of failing to conduct a fair auction, saying the film and TV company isn’t acting in its shareholders’ best interests.

In a letter to Warner Bros. Chief Executive Officer David Zaslav, attorneys for Paramount said the entertainment giant is favoring a rival bid from Netflix Inc.