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. Proposed deal may be 70-80% cash, supported by Larry Ellison. 3. Warner Bros. Discovery stock surged nearly 30% after bid news. 4. Paramount's earlier merger enhances its position for this acquisition. 5. Antitrust scrutiny is expected for the potential deal.