Paramount Skydance eyes takeover bid for Warner Bros. Discovery as high as $24 a share: report

Paramount Skydance is preparing a blockbuster bid for Warner Bros. Discovery that could value the struggling media giant at up to $24 a share, according to CNBC.The proposed deal is expected to be 70% to 80% cash — backed in part by Oracle co-founder Larry Ellison, father of Paramount Skydance CEO David Ellison — with the rest in stock.CNBC reporter David Faber said Friday that Paramount Skydance, the Ellison-controlled venture, is eyeing a bid in the range of$ 22 to $24 per share. 5 A Paramount Skydance ...