Trump Sure Seems to Be Behind Paramount’s Hostile Bid for Warner Bros.
President Trump is almost certainly supporting Paramount’s hostile takeover bid to acquire Warner Bros. Discovery, which includes CNN.
After Netflix announced they were acquiring the media and entertainment company in an $83 billion cash-and-stock deal Friday, Paramount on Monday announced a $108.4 billion cash offer in a takeover bid that reeks of Trump’s cooperation. Trump was asked over the weekend if he thought Netflix should be allowed to make the deal, and he flat-out said he would be involved in the ultimate decision.
“They have a very big market share. And when they have Warner Bros. you know that share goes up a lot, so I don’t know, that’s going to be for some economists to tell and also I’ll be involved in that decision too,” Trump said at the Kennedy Center Honors.
Q: Should Netflix be allowed to buy Warner Brothers?
TRUMP: That's a question. They have a very big market share. I'll be involved in that decision pic.twitter.com/pEgMxKi2XP— Aaron Rupar (@atrupar) December 7, 2025
Paramount CEO David Ellison went on CNBC Monday morning to talk about Paramount’s bid, and tried to play coy about how Trump would feel about Ellison taking over CNN, a news network that Trump has railed against over “unfair” coverage.
“We’ve had great conversations with the president about this, but I don’t want to speak for him in any way, shape or form,” Ellison said. Those great conversations have reportedly involved which CNN hosts to fire if Ellison takes over the network and putting CBS’s 60 Minutes on CNN.
Paramount’s takeover bid also involves Trump’s son-in-law Jared Kushner, specifically his private equity firm Affinity Partners, as well as sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar. Paramount conveniently left that out of the press release announcing the takeover.
Paramount’s owners, Larry Ellison and his son David, are staunch Trump supporters and are building a right-wing media empire, having CBS in their Paramount portfolio, acquiring the anti-woke publication The Free Press, and also bringing TikTok under U.S. ownership to push pro-Israel views.
All of this suggests that Trump, through the Ellisons, is trying to force mainstream media outlets into submission and cease critical coverage. Netflix’s co-CEO Ted Sarandos may have helped his Warner Bros. deal thanks to private meetings with the president, but if it comes down to a choice between that or having the Ellisons take over CNN with his son-in-law’s help to make it pro-Trump, it’s clear what Trump would prefer.
