India, Jan. 14 -- Paramount Global has sued Warner Bros. Discovery to demand transparency on Netflix's $82.7 billion acquisition, escalating their battle for control of the studio. Filed on Monday in Delaware, the lawsuit seeks disclosure of the financial analysis behind WBD's board approval of the Netflix merger. Paramount-Skydance also plans to nominate new directors to show its $108.7 billion all-cash bid is superior. Paramount and Warner Bros. are battling for the studio, its film and TV assets, and content including Harry Potter and the DC universe. Warner Bros. backed Netflix's $82.7B deal, but Paramount calls it flawed and proposed a bylaw requiring shareholder approval for any cable TV spinoff. Paramount's argument is that its all-cash bid of $30 per share for the whole of Warner Bros is superior to Netflix's cash-and-stock offer of $27.75 per share for the studios and streaming assets and will more easily clear regulatory hurdles.Warner Bros has also said it will owe Netflix a $2.8 billion termination fee if it walks away from the agreement, part of $4.7 billion in extra costs to end the deal.HTC...