Skydance Media, led by David Ellison, has submitted a $108.4 billion all-cash takeover bid for Warner Bros. Discovery (WBD), directly challenging Netflix's earlier $83 billion offer.WBD stock surged 8% on Monday, December 8, 2025, as investors reacted positively to the potential bidding war initiated by Paramount.President
Donald Trump expressed concerns about the market share resulting from these deals, stating that the outcome "could be a problem."