The Latest Breaking News from Larry Ellison

It's a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance's hostile takeover bid of its parent company, Warner Bros

A race to acquire Warner Bros. Discovery (NASDAQ:WBD) by Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) intensified with an all-cash offer from the latter for the media company on Monday.

Jared Kushner’s Affinity Capital, along with the sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi, have ‘agreed to forgo any governance rights – including board representation – associated with their non-voting equity investments,’ according to Monday’s regulatory filing.

The Paramount bid is also supported by Trump's son-in-law Jared Kushner, so that's probably not great for Netflix's ambitions.

Paramount Skydance launches a hostile $108.4bn bid for Warner Bros Discovery, challenging Netflix's $72bn deal amid political scrutiny and antitrust fears.

Paramount’s bid for the entire company counters $82.7bn Netflix deal for WBD’s studio and streaming operation

The Netflix chief’s pilgrimage to DC came as Paramount’s ownership believed it had the inside track to acquire Warner Bros. due to the Ellison family’s close ties to the president.

‘Could be a problem’: Trump wants to personally help decide the Netflix-Warner Bros. Deal – and he’s already highlighted a big reason to block it.

With health care coverage at the forefront of the national affordability crisis, a state synonymous with vast wealth and high taxes offers a potential solution.