Paramount today launched a hostile takeover bid for Warner Bros. Discovery, hoping to buy it directly from stockholders after it lost a months-long bidding war with Netflix that ended with an announced $74.4bn sale. Paramount's new offer is $30 a share, amounting to $108bn in cash, for the entire portfolio of WBD companies. The Netflix deal is valued at $27.75 per share, and does not include CNN or Discovery networks.

But President Donald Trump said Sunday that the deal struck by Netflix to buy Warner Bros. Discovery "could be a problem" because of the size of the combined market share.

The implication seems to be that Paramount doesn't have to succeed immediately, it just has to create sufficient uncertainty and doubt to allow President Trump to somehow engineer the sale to it. Paramoun

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