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

1. Paramount Skydance plans a bid for Warner Bros. Discovery, valuing shares up to $24. 2. The deal is 70%-80% cash, supported by Larry Ellison. 3. Warner Bros. Discovery stock has surged nearly 30% since the news broke. 4. Approvals from regulatory bodies may pose challenges to the merger. 5. David Zaslav is seeking a bidding war, potentially splitting the company.