Paramount Skydance has launched a nearly $78 billion hostile takeover offer for Warner Bros. Discovery, just days after Warner Bros. accepted a $72 billion deal from Netflix. Paramount said it has secured funding commitments from the sovereign wealth funds of Saudi Arabia, Abu Dhabi and Qatar, along with support from Affinity Partners, the private equity firm run by Jared Kushner, President Trump’s son-in-law. President Trump reportedly favors Paramount to acquire Warner Bros. Discovery, and remarked over the weekend that he’ll intervene in the federal review process of Netflix’s proposed deal. We’ll have more on this story later in the broadcast.