Paramount Skydance launched a $108.4 billion hostile takeover bid for Warner Bros. Discovery, appealing directly to shareholders and bypassing its board.The bid is significantly backed by Jared Kushner's Affinity Partners, which has funding from sovereign wealth funds in Saudi Arabia, Qatar, and the UAE, raising national security concerns.Sam Liccardo,
Ayanna Pressley, and
Elizabeth Warren called for a formal
CFIUS review, warning of potential legislative action, while
Donald Trump also commented on the market implications.