Paramount escalates hostile takeover bid of Warner Bros. with new board slate

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...