Paramount Global has again asserted its $108.4 billion bid for Warner Bros. Discovery is superior to Netflix's $82.7 billion offer. Paramount argues its all-cash proposal offers more value per share and will face fewer regulatory hurdles. Warner Bros. Discovery's board, however, rejected Paramount's sweetened offer, citing concerns about debt and the value of a cable spinoff central to Netflix's deal. Some major Warner Bros. investors are split, with some agreeing with the board that Paramount's offer isn't clearly superior, while others favor Paramount's higher per-share price.