Paramount Skydance has formally challenged the handling of the sale process for Warner Bros. Discovery (WBD) assets, expressing concerns over the fairness of the competition. In a letter, attorneys for Paramount informed WBD CEO David Zaslav that the company is questioning the “fairness and adequacy” of the sale process, which officially started in October. The letter, seen by CNBC, raised concerns regarding media reports suggesting that WBD's management appears to be favouring the offer submitted by Netflix. The letter comes after the second-round bids in which Paramount, Netflix and Comcast submitted offers to acquire some or all of WBD’s assets. Citing sources close to the confidential proceedings, all three companies increased their bids from their initial offers, with Netflix’s bid

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