Trump & Netflix are in sync, says CEO Ted Sarandos even as Paramount launches a new $108B bid for Warner Bros Discovery

Ted Sarandos calls it a “done deal,” though strictly speaking, that isn’t true. There will be a lot of business decisions left to be made, and the deal will require regulatory approval from the U.S. government to be sure there are no antitrust concerns. It's not unlike what Paramount itself needed when it merged with Skydance earlier this year.

Paramount sees up to $6 billion in cost savings in a Warner Bros Discovery merger by eliminating “duplicative operations."

That morning, Paramount Skydance announced it had submitted a bid to acquire fellow entertainment company Warner Bros Discovery. The all-cash offer boils down to $30 per Warner Bros discovery share, and it targets the entirety of the company rather than a large chunk of it.