Warner Bros. Discovery likely to reject Paramount Skydance's $108B hostile bid: report

Core Viewpoint - Warner Bros. Discovery's board is expected to recommend shareholders vote against Paramount Skydance's $108.4 billion takeover bid, with a decision potentially announced as early as Wednesday [1][4]. Group 1: Takeover Bids - Paramount Skydance has made a $108.4 billion bid for Warner Bros. Discovery, which includes a $30-a-share, all-cash offer directed at Warner Bros. shareholders [5][7]. - Netflix previously made a $27 cash-and-stock bid for Warner Bros.' non-cable assets, which has been accepted [2][4]. Group 2: Financing and Regulatory Aspects - Paramount's bid is financed by $41 billion in new equity backed by the Ellison family and RedBird Capital, along with $54 billion in debt commitments from Bank of America, Citi, and Apollo [6]. - Paramount claims its offer is superior to Netflix's and would face a clearer path to regulatory approval [6]. Group 3: Strategic Implications - The winner of the bidding war will gain a significant advantage in the streaming market by acquiring a vast content library, which includes iconic films and popular series [2][4].