Benzinga·2025-12-08 23:27Core Viewpoint - The competition to acquire Warner Bros. Discovery has intensified, with Paramount Skydance making a new all-cash offer of $108 billion, surpassing Netflix's previous bid which included cash and stock but excluded Warner's linear cable networks [1][2]. Group 1: Acquisition Details - Paramount Skydance's new bid of $108 billion is backed by significant investments from Saudi Arabia's Public Investment Fund, the Qatar Investment Authority, and Jared Kushner's Affinity Partners [2]. - The previous offer from Netflix did not include the acquisition of Warner's linear cable networks, making Paramount's all-cash offer more attractive [1]. Group 2: Political Involvement - Former President Donald Trump has expressed interest in being involved in the merger process, indicating he needs to understand Netflix's market share before making a decision [3][4]. - Trump has previously shown a preference for Paramount Skydance, suggesting that the administration may favor this bidder due to its connections with Trump allies [5][6]. Group 3: Market Reactions - Following the news, Warner Bros. Discovery stock increased by 4.41% to $27.23, while Paramount Skydance stock rose by 9.01% to $14.57. In contrast, Netflix's stock fell by 3.44% to $96.79 [11][12].