New Delhi, Dec. 9 -- Paramount Skydance on Monday laid out a hostile bid worth $108.4 billion to acquire Warner Bros Discovery, days after Netflix offered $72 billion to buy the film studio and its streaming service - a battle that could see the end of a duopoly to make way for a monopoly.

In its bid to persuade Warner Bros Discovery shareholders, Paramount Skydance launched a tender offer for current WBD shares at $30 per share, all cash.

Paramount's $30-per-share cash offer includes a $41 billion equity financing, as well as financing from Affinity Partners, the investment firm run by Jared Kushner, US President Donald Trump's son-in-law, and several Middle Eastern government-run investment funds, and is backstopped by the Ellison fam...