Late-night host Stephen Colbert joked Tuesday night that his “beloved” parent company could keep his show on the air, pointing to the ongoing bidding war to purchase Warner Bros. Discovery.

Paramount Skydance, the parent company of CBS, is seeking to outbid Netflix to purchase WBD, offering $108.4 billion. Netflix initially outbid Paramount and Comcast on Friday in the bidding competition, announcing that it would be purchasing the Hollywood giant at a price of $27.75 per share, or around $82.7 billion.

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