Paramount's Hostile Bid Is a Direct Shot at Netflix. What Does It Mean for the Stocks?

Paramount stock got a jolt after its hostile takeover bid. Will it be successful?Netflix's (NFLX 3.69%) $83 billion buyout of most of Warner Bros. Discovery (WBD +4.30%) is far from a done deal.Just as the ink had dried on the merger announced on Friday, Paramount Skydance (PSKY +1.13%) issued its own hostile takeover bid for all of Warner Bros. Discovery, valued at$ 108 billion including debt. With the move, it's going directly to shareholders with the offer after WBD's board agreed to sell to Netflix.Let' ...