(Corrects typo in headline tag)

Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, as it looks to scupper the Hollywood studio’s deal with Netflix, in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant.

Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros Discovery’s TV, film studios and streaming assets.

Here’s what analysts and market experts are saying about the latest development:

CHRIS BEAUCHAMP, CHIEF MARKET ANALYST AT IG GROUP, UK

“Paramount clearly thinks it has the upper hand here, and that the benefits are worth the punchy price tag and the all-cash offer. Wh

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