In media news, Paramount Skydance is poised to acquire Warner Bros. Discovery after Netflix declined to match Paramount’s $111 billion offer. Netflix ended its bidding war shortly after CEO Ted Sarandos visited the White House on Thursday afternoon, where he met with top officials, including Chief of Staff Susie Wiles. Paramount’s offer still requires regulatory approval in the U.S. and Europe. If completed, it would create the largest media conglomerate in U.S. history, spanning news, sports, movies, video games, theme parks and more — all controlled by Paramount Chairman David Ellison, a vocal supporter of President Trump. The deal would include CNN, consolidating Ellison’s news empire, which already includes CBS News.