Paramount says it has shown Warner Bros. Discovery the money, but now it wants the storied studio owner behind HBO to show its math. Paramount Skydance has filed a lawsuit against Warner Bros. Discovery demanding that it explain how it calculated that an acquisition offer from Netflix was superior to Paramount’s higher bid.

After having multiple bids to acquire Warner Bros. Discovery (WBD) rejected, including a recent hostile bid that the WBD board recommended that shareholders reject, Paramount is turning to the courts ...