Paramount Skydance Corp. ratcheted up the stakes in the monthslong battle for Warner Bros. Discovery Inc., saying it plans to nominate directors to the board to thwart a merger with Netflix Inc. The company, run by David Ellison, also said it filed a lawsuit against Warner Bros. in an attempt to force out into the open more details about Netflix’s $82.7 billion takeover agreement, escalating an acrimonious bidding war between the media company and the streaming giant that has captivated Hollywood and Wall Street. Bloomberg's Geetha Ranganathan joins to discuss on Bloomberg Intelligence. (Source: Bloomberg)

Paramount Skydance Corp. ratcheted up the stakes in the monthslong battle for Warner Bros. Discovery Inc., saying it plans to nominate directors to the board to thwart a merger with Netflix Inc.