Paramount Skydance has launched a bold $108.4 billion bid to buy Warner Bros Discovery, trying to outdo Netflix's $83 billion offer. Paramount’s deal offers Warner Bros shareholders $30 per share in cash and aims to take over both the studio and its traditional TV networks. Paramount called its offer a “superior alternative” to Netflix's, promising more cash upfront and better chances with regulators. Netflix, which already leads streaming with 300 million subscribers, had been declared the winner of Warner Bros’ sale last Friday. Their deal includes the studio and streaming services like HBO. However, Paramount’s new bid challenges that, valuing the full company higher. Ellison family-backed Paramount, known for CBS News, Nickelodeon, and Mission Impossible, said Netflix’s takeover would create too much power in Hollywood. Larry Ellison said in a CNBC interview, "It's a horrible deal for Hollywood." Former President Donald Trump also expressed concern about Netflix’s plan, noting potential competition issues. Ellison said he had positive talks with Trump about the deal and believed the president supported competition. The sale will follow Warner Bros’ planned spin-off of other businesses like CNN into an independent company. Paramount sees this split as a mistake that could hurt shareholder value. Warner Bros shares rose over 6% on Monday after the news, with Paramount shares also up. Netflix shares fell by more than 3%. Analysts say both bids will face tough regulatory reviews in the US and Europe. Paramount’s offer may prompt questions about advertising and sports network power, while Netflix’s could raise streaming dominance concerns. Paramount is backed by powerful figures, including Jared Kushner, Trump’s son-in-law, aiming to use connections to smooth approval. Analysts say Paramount needs this deal more than Netflix. Ben Barringer of Quilter Cheviot said, "Paramount remains a legacy entertainment provider that lacks the scale required for the modern age." The battle over Warner Bros Discovery is heating up, with big money and influence in play as two giants fight to own classic content and streaming futures.