India, Jan. 13 -- WILMINGTON, Del., January 13 - Paramount Global has filed a lawsuit against Warner Bros. Discovery, escalating a fierce corporate battle over the future of one of Hollywood's largest studios. The suit seeks to force Warner Bros. to disclose key financial details about its proposed $82.7 billion merger with Netflix, aiming to sway shareholders before Paramount's competing $108.7 billion all-cash tender offer expires.

Paramount filed the complaint in the Delaware Court of Chancery. The core demand is for Warner Bros. to disclose the financial analysis its board used to justify the Netflix merger agreement. Paramount argues shareholders need this information to properly evaluate its competing, higher-value all-cash offer b...