Stephen Colbert addressed Paramount Skydance’s $108 billion hostile takeover bid for Warner Bros. Discovery on The Late Show , suggesting that his “beloved parent company” could instead use the money to “uncancel” him.

During last night’s monologue, the host explained how there is currently “a huge bidding war” for Warner Bros. Discovery , which has “a lot of juicy IP.” “We’re talking DC superheroes, Harry Potter, Looney Tunes, Scooby-Doo, Fifty Shades of Grey , and The Lord of the Rings ,” he noted. “Not to mention its erotic spin-off, Fifty Shades of Gandalf the Grey .”

Colbert broke down the bidding war, which involves Netflix bidding for Warner Bros. for $82.7 billion. “But just yesterday morning, my beloved parent company, Paramount, reportedly launched a hostile ta

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