Core Viewpoint - Warner Bros. Discovery's board is likely to recommend shareholders vote against Paramount's $108.4 billion acquisition proposal, with a decision expected as early as Wednesday [1] Group 1: Acquisition Proposals - Paramount's CEO David Ellison has made a cash offer of $30 per share to acquire all shares of Warner Bros. Discovery, claiming it is superior to Netflix's previous bid [1][2] - Netflix's earlier bid included a combination of $27 in cash and stock for Warner Bros.' non-cable assets, which was accepted [1] Group 2: Assets Involved - The core assets in this acquisition battle include Warner Bros.' extensive film production studios and a vast library of film rights, featuring classics like "Casablanca" and "Citizen Kane," as well as contemporary hits like "Harry Potter" and "Friends" [1] - Warner Bros. also owns the streaming platform HBO Max, which adds significant value to the acquisition [1] Group 3: Financing Details - Paramount's acquisition proposal is backed by $41 billion in new equity financing supported by the Ellison family and RedBird Capital, along with $54 billion in debt financing from Bank of America, Citigroup, and Apollo Global Management [2] - Jared Kushner's Affinity Partners, a former financing partner of Paramount, has withdrawn from the bidding process [2]