Warner Bros Discovery is expected to recommend shareholders vote against Paramount Global's $108bn takeover bid. Paramount plans to approach Warner's shareholders directly with a $30 per-share cash offer. Meanwhile, Netflix has made a competing offer of $27.75 per share. The acquisition battle is significant for control over the US media industry, with Warner Bros' extensive content library at stake. Trump's involvement has raised concerns about political influence, especially regarding CNN's leadership. Billionaire Larry Ellison is a key backer of Paramount's bid, while Jared Kushner's firm has withdrawn support.