10:27 AM EST, 12/04/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) has raised concerns about the "fairness and adequacy" of Warner Bros. Discovery's ( WBD ) sale process, according to a letter reviewed and reported by CNBC on Thursday.

Paramount's attorneys told WBD chief executive David Zaslav the company appeared to have "abandoned" a fair process and was favoring a single bidder, the report said. The letter follows second-round bids submitted this week by Paramount, Netflix (NFLX), and Comcast (CMCSA).

WBD confirmed it received the letter and said its board has "fully and robustly complied" with fiduciary obligations, the report said.

Paramount Skydance ( PSKY ) and Warner Bros. Discovery ( WBD ) did not immediately respond to MT Newswires' request for comment on the matter.

Paramount Skydance ( PSKY ) shares were 1.9% lower in recent trading, while Warner Bros. Discovery ( WBD ) was down 0.7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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