0:00 0:00 1x

This is read by an automated voice. Please report any issues or inconsistencies here .

As the high-stakes auction for Warner Bros. Discovery nears its end, Paramount is crying foul, alleging the process was tipped in favor of a competing bidder: Netflix.

In a scorching letter sent to Warner Bros. Discovery Chief Executive David Zaslav late Wednesday, Paramount’s lawyers accused Zaslav’s company of not playing fair.

“WBD appears to have abandoned the semblance and reality of a fair transaction process, thereby abdicating its duties to stockholders, and embarked on a myopic process with a predetermined outcome that favors a single bidder,” an attorney for Paramount wrote.

The bidder is Netflix.

Early on, the Larry Ellison-family controlled Paramount appeared to have

See Full Page