A potential acquisition of Warner Bros. Discovery by Paramount could spark antitrust scrutiny, although President Donald Trump’s connection to Larry Ellison might “help smooth the path for a deal,” a media analyst told Newsweek , as another agreed with the sentiment.

Warner Bros. Discovery, which owns CNN, HBO and DC Studios, announced a “review of strategic alternatives” Tuesday that could drastically transform Hollywood and likely set off a bidding war among media behemoths like Netflix and Comcast.

Paramount, which completed an $8 billion merger with Skydance Media in August, recently made a second offer for Warner Bros. Discovery, but the proposal was rejected this week, The Wall Street Journal reported Tuesday, citing sources close to the matter.

David Ellison, son of billionai

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