Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues

Paramount Skydance has initiated a $108 billion hostile takeover bid for Warner Bros Discovery, which includes major media assets such as CNN and HBO. This move comes after Netflix secured a $72 billion deal for Warner's studios and streaming unit, intensifying the competition in the media landscape.

President Donald Trump stated that any deal to purchase Warner Bros should include CNN, as competition intensifies between Netflix and Paramount in a bidding war for the media giant. Trump's comments reflect his ongoing interest in the media landscape and the potential implications of ownership changes.

Paramount has launched a hostile bid for Warner Bros. Discovery, offering $108.4 billion shortly after Netflix secured a $72 billion deal to acquire Warner's studios and streaming unit. This aggressive move reflects Paramount's strategy to expand its media portfolio in a competitive landscape.

CNN staffers express deep concerns about the network's future amid reports that Paramount, led by David Ellison, is pursuing a hostile takeover of Warner Bros. Discovery. The mood in the newsroom is described as grim, reflecting fears of significant changes in leadership and programming if the acquisition proceeds.

President Trump is closely monitoring the competitive landscape as Netflix and Paramount engage in a bidding war for Warner Bros. Discovery, with Netflix recently securing a $72 billion deal to acquire the entertainment giant's studios and streaming unit.

A significant takeover is unfolding in Hollywood as Netflix and Paramount engage in a bidding war for Warner Bros. Discovery, with Netflix recently securing a $72 billion deal to acquire Warner's studios and streaming unit. Paramount has responded with a $108.4 billion hostile bid, intensifying the competition for this major entertainment asset.

Paramount has made a controversial bid for Warner Bros. Discovery, which includes financing from Kushner's investment firm, Affinity Partners, alongside funds from Saudi and Qatari sovereign wealth funds. This move has raised ethical concerns regarding the influence of foreign investments in U.S. media companies.