Paramount Skydance launched a hostile $108.4 billion bid for Warner Bros Discovery. Emarketer analyst Ross Benes predicts a prolonged battle as Paramount appeals to shareholders, regulators, and politicians to challenge Netflix’s dominance. Craig Huber of Huber Research Partners warns Paramount against taking on excessive debt for the acquisition.

Read more at Yahoo Finance.: Paramount makes $108.4 billion hostile bid for Warner Bros Discovery