Paramount's hostile takeover attempt exposes desperation after losing the bidding war, relying on controversial Middle Eastern sovereign wealth funds and Jared Kushner's money while freezing out governance rights to dodge regulatory scrutiny. The Oracle heir's claims about superior value ignore that shareholders also receive stake in the linear TV spinout under Netflix's deal. Paramount's lobbying about competition rings hollow when the real threat comes from allowing a smaller player to absorb major assets without proven streaming scale.