Paramount Skydance, led by David Ellison and backed by Larry Ellison and sovereign wealth funds, has submitted an all-cash bid to acquire Warner Bros. Discovery, as competition from Netflix and Comcast intensifies with bids that could reach $70 billion.Paramount alleges the sale process favors Netflix, raising concerns about antitrust issues and potential "active sabotage," while highlighting regulatory questions linked to David Ellison and Donald Trump, and Comcast CEO Brian Roberts' relations with Trump.A group of feature film producers has called on
Congress to scrutinize
Netflix's possible acquisition, fearing an institutional crisis in Hollywood and increased foreign influence.