Warner Bros. Discovery shares fell 2.2% in early Friday trading. The drop came after a report by the New York Post stirred fresh concerns among investors.

The report said Paramount Skydance may walk away from its $30 per share cash offer. The company is also thinking about taking legal action against the Warner Bros. Discovery board.

Sources close to Paramount Skydance claimed their offer was ignored. This was their sixth all cash bid. They believe the board and top management did not take it seriously.

Instead, the report said Warner Bros. Discovery showed more interest in a bid from Netflix. That offer included both cash and stock. According to the sources, Netflix was favored during most of the talks.

The reason behind this, the report claimed, could be personal. Warner Bros. Discovery CEO David Zaslav is said to share a close relationship with Netflix CEO Ted Sarandos.

Because of how the bidding process played out, Paramount Skydance is now considering a lawsuit. The company believes the board did not handle the situation fairly.

The news added fresh uncertainty around Warner Bros. Discovery. Investors reacted quickly, sending the stock lower before the market even opened.