Talk show host Stephen Colbert drew applause from his audience on Tuesday night as he argued his network should be able to support his show if they can fork out enough cash to pursue a hostile takeover of another media company.

There is currently a massive bidding war over which company will buy Warner Bros. Discovery, which recently put itself up for sale and holds the rights to movie franchises ranging from “Lord of the Rings” to “Harry Potter.”

While Netflix moved to acquire Warner Bros. in a deal valued at $82.7 billion, Paramount has significantly upped the ante by launching a hostile takeover bid.

Paramount Skydance announced Monday it has launched an all-cash tender offer to acquire the outstanding shares of Warner Bros.

Discovery for $30.00 per share in cash, with the compa

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