Paramount Skydance's hostile $108.4B bid for Warner Bros disrupts Netflix deal

• Paramount Skydance launched a hostile $108.4 billion bid for Warner Bros Discovery, disrupting a near-final Netflix deal.
• Paramount's all-cash offer of $82.7 billion (including debt) values WBD at $30/share, surpassing Netflix's $72 billion equity deal ($28/share).
• Paramount accused Warner Bros Discovery of an unfair sale process, alleging it predetermined Netflix as the winner.
• The bid aims to create a new media superpower but faces potential intense antitrust scrutiny and political attention, including from Donald Trump.
• Skydance founder David Ellison, backed by Oracle co-founder Larry Ellison, provides significant financial resources for Paramount's bid.

Why It Matters: This hostile bid reshapes the global entertainment industry and streaming landscape.