Skydance Media, led by David Ellison, has submitted an all-cash takeover bid of $108.4 billion for Warner Bros. Discovery (WBD), directly challenging Netflix's earlier $83 billion offer.Skydance asserts its proposal offers superior value and greater certainty of completion, potentially facing fewer antitrust hurdles than Netflix's bid, which is backed by sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi.President
Donald Trump has voiced concerns about media market consolidation, stating such outcomes "could be a problem" and has met with
Netflix CEO
Ted Sarandos and
FCC chair Brendan Carr regarding the bids.