Warner Bros likely to reject Paramount takeover bid again despite revised offer

Group 1 - Warner Bros. Discovery Inc. plans to reject a takeover bid from Paramount Skydance Corp. after the latter amended its offer [1] - The Warner Bros. board has not made a final decision but will meet next week to discuss the situation [2] - Paramount has publicly campaigned for its proposal to buy Warner Bros., initially offering a $30-a-share cash bid [3] Group 2 - Paramount has amended its offer multiple times, including a personal guarantee of $40.4 billion in equity financing from billionaire Larry Ellison [3][4] - The Warner Bros. board is waiting for Paramount to increase its financial offer and has concerns about debt management and breakup fees related to Netflix [5] - Warner Bros. believes the Netflix offer is superior due to concerns about Paramount's potential debt and job cuts [6]