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BUSINESS

The Fight for Warner Bros. May Get Uglier: Paramount Skydance’s Hostile Bid Escalates with Lawsuit and Proxy Battle Against Netflix Merger (January 2026 Update)

High-Stakes Media Showdown – January 18, 2026 The Warner Bros takeover fight has turned intensely contentious in early 2026. Paramount Skydance’s relentless hostile bid for Warner Bros. Discovery (WBD) — complete with a Delaware lawsuit, proxy fight threats, and repeated rejections of its offers — is aimed at derailing WBD’s approved $82.7 billion merger with Netflix. This corporate battle, involving…