The Warner Bros. acquisition drama is heating up. After Netflix announced that it would acquire the studio for $82.7 billion on Friday, Paramount-Skydance has submitted its own hostile bid. President Trump, meanwhile, suggested this weekend that the resulting "very big market share...could be a problem" for Netflix. This morning, Paramount offered Warner Bros. Discovery (WBD) shareholders $30 per share, bringing the total deal value to $108.4 billion. However, Netflix's offer doesn't include all WBD assets, while Paramount wants the "entirety of WBD, including the Global Networks segment." For Netflix's offer to proceed, WBD's cable networks must spin off into a separate publicly traded company by Q3 2026. Netflix also needs regulatory and WBD shareholder approval. Paramount argues that Netflix's deal is unlikely to be approved, whereas its own should go through. "Netflix transaction provides WBD shareholders with inferior and uncertain value, a protracted and uncertain multi-juris...