Paramount Skydance launched a $108.4 billion hostile bid for Warner Bros Discovery, challenging Netflix. Warner Bros’ board will review the offer, which includes financing from Affinity Partners and the Ellison family. Larry Ellison called Trump to argue the deal would hurt competition, while Paramount insists it’s better for Hollywood and consumers.

The bid is 139% higher than before talks, and Kushner’s Affinity Partners is backing $40.7 billion in equity capital. Democratic senators warn of antitrust concerns, and Senator Warren criticizes the bid as backed by Trump allies. Warner Bros would pay Netflix $2.8 billion if they accept Paramount’s offer.

Netflix faces scrutiny for potential job cuts and higher prices. Trump denies influencing the bid and says he wants to do what’s right. Paramount’s bid appeals to shareholders, regulators, and politicians, highlighting its commitment to Hollywood and talent. The battle for Warner Bros Discovery could be prolonged.

Paramount accuses Warner Bros of favoring Netflix and claims an inherent bias in the bidding process. Analysts predict a fierce antitrust battle if the deal goes through. Paramount’s bid is met with criticism and skepticism, while shares of the involved companies see fluctuations in the market.

Read more at Yahoo Finance: Warner Bros fight heats up with $108 billion hostile bid from Paramount