Paramount’s next target in hostile takeover bid of Warner Bros. is a board of its own making

By: The Associated Press Posted: Last Modified:

Advertisement

Advertise with us

NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 12/01/2026 (272 days ago), so information in it may no longer be current.

NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.

Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix.

Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner’s leadership has repeatedly rebuffed overtures from Skydance-owned Paramount — and urged shareholders to back the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile offer for the entire company.

A Netflix sign is displayed atop a building in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)
A Netflix sign is displayed atop a building in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)

Last week, Warner Bros. Discovery said its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal.

David Ellison, the chairman and CEO of Paramount Skydance, said Monday that it’s committed to seeing through its tender offer. “We do not undertake any of these actions lightly,” he said in a letter to shareholders of Warner Bros.

Warner Bros. has yet to schedule its annual meeting or a special meeting to consider the Netflix offer, and Paramount did not name any potential candidates for the board.

Related Articles

Warner Bros rejects Paramount takeover again and tells shareholders to stick with Netflix bid
The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)
Larry Ellison guarantees $40.4 billion in Paramount's hostile bid for Warner Bros. Discovery
The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)
What to know about bidding war between Netflix and Paramount for Warner Bros.
The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., Friday, Dec. 5, 2025. (AP Photo/Jae C. Hong)
Jared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery
Jared Kushner looks on during a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla. (AP Photo/Terry Renna)
Warner Bros recommends investors reject Paramount's offer in favor of Netflix's
FILE - Skydance Media CEO David Ellison attends the premiere of
Netflix intensifies bid for Warner Bros making its $72 billion offer all cash
FILE - A Netflix sign is displayed atop a building in Los Angeles, on Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong, File)

Advertisement Advertise With Us

Report Error Submit a Tip

Advertisement

Learn more about Winnipeg Free Press Advertising solutions

More Stories

BROOK JONES / FREE PRESS Manitoba Hydro say they had no choice but to cut down mature trees between the pathway at Elizabeth Road and the CPKC railway tracks that stretch the length of Archibald Street in Windsor Park because the trees were a hazard.

Chopped trees will leave a ‘blight’ on Windsor Park

Kelly-Anne Riess 3 minute read Preview

Chopped trees will leave a ‘blight’ on Windsor Park

Kelly-Anne Riess 3 minute read Friday, Oct. 9, 2026

Robert Gordon has watched the trees grow along a popular Windsor Park walking path for nearly six decades.

Now, as Manitoba Hydro cuts them down to protect nearby power lines, he says a familiar part of his childhood neighbourhood is disappearing.

Although he no longer lives in the area, Gordon regularly returns to walk or cycle along the tree-lined path, which runs parallel to Archibald Street.

He was concerned when he recently spotted crews clearing vegetation near the entrance to the path, but initially assumed they were removing brush. When he returned, he discovered the clearing had extended farther along the corridor.

Read
Friday, Oct. 9, 2026
Kevin Klein at campaign HQ going over the plan for a 10:30 AM press conference.

A Rocky day on the mayoral campaign trail for Kevin Klein

Malak Abas 12 minute read Preview

A Rocky day on the mayoral campaign trail for Kevin Klein

Malak Abas 12 minute read Friday, Oct. 9, 2026

Kevin Klein acknowledges it’s hard to foresee what he’ll wake up to each morning in the final weeks of a mayoral campaign.

But the seasoned politician, who has served as both a city councillor and a provincial cabinet minister, couldn’t have predicted the events — what he describes as “drama” — that unfolded last Sunday.

Fellow mayoral candidate Mike Vogiatzakis accused Klein’s campaign team of offering him a job to drop out of the race, while a guest writer’s column in the Winnipeg Sun that questioned the deaths of Indigenous children at residential schools, just days after the National Day for Truth and Reconciliation, sparked condemnation from a prominent Indigenous organization. (Klein is the CEO of the Klein Group, the company that owns the Sun. He has maintained he is not involved in its operations while running for mayor.)

The Free Press had already been scheduled to join Klein on the campaign trail Monday, intending to document a day in the life of the front-running candidate to unseat incumbent Scott Gillingham, before the controversies hit.

Read
Friday, Oct. 9, 2026
Faith and works

A Life's Story: Writer built bridges with genuine curiosity, compassion for diversity of religious practices

Janine LeGal 6 minute read Preview

A Life's Story: Writer built bridges with genuine curiosity, compassion for diversity of religious practices

Janine LeGal 6 minute read Yesterday at 6:00 AM CDT

Brenda Suderman knew how to make people feel comfortable. For a journalist, that character trait is a real strength, and it made people trust and appreciate her.

Whether covering musicals, worship spaces, the effects of pandemic shutdowns, death rituals and practices of different traditions, the discovery of the burial of 2,284 infants in unmarked graves, or any other of the countless topics she wrote about in her four- decade career, Suderman did it with genuine interest and care.

Born and raised in Winkler, Suderman grew up on a farm. Much of her childhood was spent in gardens and sugar beet fields.

Baptized at 16, she became a member of the Winkler Bergthaler Mennonite Church. The restrictions against women at the time contributed to planting the seeds of Suderman’s feminist perspective.

Read
Yesterday at 6:00 AM CDT
JOHN WOODS / THE CANADIAN PRESS Winnipeg Jets’ Kyle Connor (81), Dylan DeMelo (2), Mark Scheifele (55) and Cole Perfetti (91) celebrate Connor’s goal against the Colorado Avalanche during third period NHL hockey action in Winnipeg on Wednesday.

Jets encouraged by play through first five games

Mike McIntyre 6 minute read Preview

Jets encouraged by play through first five games

Mike McIntyre 6 minute read Yesterday at 4:21 PM CDT

Turkey. Stuffing. And a heaping helping of rest and recovery.

The Winnipeg Jets have plenty to be thankful for this holiday weekend, including a solid 3-1-1 start to the NHL campaign. Players and coaches are also counting their blessings at finally getting a breather after a busy stretch of five games in eight days.

“We don’t have another (break like this) until a week before Christmas. So we’re going to take advantage of it,” head coach Scott Arniel said following the club’s first regulation loss, a 5-1 stinker on Friday night against the visiting Anaheim Ducks.

To borrow a funny old Thanksgiving-related phrase from former defenceman Nate Schmidt, the hockey club was “leaking gravy.” They looked like a group that could use a timeout — which they’ll get since they don’t play again until hosting the Minnesota Wild on Tuesday night.

Read
Yesterday at 4:21 PM CDT
SUPPLIED Security footage showing Cody Lamb’s car being stolen on Sept. 11 in Douglas, Manitoba.

Towing company hands stolen car back, but not to owner

By Matthew Frank 4 minute read Preview

Towing company hands stolen car back, but not to owner

By Matthew Frank 4 minute read Friday, Oct. 9, 2026

A Manitoba man says he is dumbfounded after his car was stolen, impounded by a Winnipeg towing company and given back — to someone that wasn’t him.

Cody Lamb lives in the western Manitoba community of Douglas, about 18 kilometres east of Brandon, but spends weeks away from home working on oil rigs in Alberta.

The 24-year-old says on Sept. 11, while away for work, he heard from his girlfriend who told him his car wasn’t in their driveway. Lamb reported the car stolen to Brandon RCMP the same day.

After filing the report, he heard from Steinbach RCMP on Oct. 1 that his car was recovered that day in the community of Mitchell, roughly five km west of Steinbach.

Read
Friday, Oct. 9, 2026
Photo by BROOK JONES / FREE PRESS The familiar game-day voice of the Winnipeg Blue Bombers, Bob McGregor, is celebrating his 300th game behind the mic this weekend.

Longtime voice of the Blue and Gold marks major milestone

David Sanderson 8 minute read Preview

Longtime voice of the Blue and Gold marks major milestone

David Sanderson 8 minute read Friday, Oct. 9, 2026

Bob McGregor made his debut as the Winnipeg Blue Bombers’ public-address announcer on June 7, 1997, during a pre-season game at Winnipeg Stadium between the hometown Blue Bombers and their western rivals, the Calgary Stampeders.

McGregor will be behind the microphone again this Saturday, detailing the action on the field in addition to leading a boisterous Princess Auto Stadium crowd through what has become his signature call, “And that is another Winnipeg Blue Bombers first down!”

The Bombers’ final home date of the 2026 regular season will mark a major milestone for McGregor, and the former newscaster feels it’s only fitting the same two teams as 10,717 days ago — the Bombers and Stampeders — will be the ones butting helmets.

“I knew at the start of the season I was closing in on 300 games as the PA guy, only it wasn’t until I went through the schedule that I realized my 300th would be Winnipeg-Calgary, which struck me as kind of cool,” McGregor says, seated in a St. James breakfast nook, dressed in dark trousers and a blue-and-gold Blue Bombers golf shirt.

Read
Friday, Oct. 9, 2026