Warner Bros. Discovery Inc. is likely to turn down Paramount Skydance Corp.’s hostile takeover bid worth $108.4 billion, Bloomberg and Reuters reported quoting people familiar with the matter.According to the Bloomberg report, the latest twist in the race for acquiring the production house comes amid Warner Bros Discovery's concerns regarding financing and other such terms.The board of Warner Bros Discovery is likely to reject the offer by Paramount Skydance as early as Wednesday and may ask shareholders to ...

Group 1 - The merger combines studios known for iconic productions like 'Casablanca' and 'The White Lotus' [1] - The new entity will collaborate with a streaming giant that is expanding into live events and gaming [1]