DEVELOPING: Paramount Skydance Launches Surprise Bid to Overtake Warner Bros Discovery.

Breaking News: Paramount Skydance Launches Surprise Bid to Overtake Warner Bros Discovery Paramount Skydance has made a surprise bid to buy Warner Bros Discovery, a move that could potentially block a rival plan from Netflix to acquire the company's studio and streaming networks. The offer, valued at 30 dollars per share, is a direct attempt to scoop up the whole of Warner Bros, including its traditional television networks. The bid, backed by the billionaire Ellison family, claims to be a "superior alternative" to Netflix's proposal, offering more cash upfront to shareholders and a greater prospect of approval by regulators. This development comes after President Donald Trump expressed concerns about Netflix's purchase, citing competition concerns. Warner Bros Discovery, owner of HBO and popular franchises like Looney Tunes and Harry Potter, had formally opened a bidding process after receiving initial offers from Paramount. The company's traditional television networks are also part of the proposed deal. The current status of the bid is unclear, but it is expected to have a significant impact on the future of Warner Bros Discovery. The company's shareholders will now have to weigh the options presented by Paramount and Netflix. This is a developing story, and we will provide updates as more information becomes available.