Warner Bros. Discovery is reportedly set to reject Paramount Global's amended $10.84 billion hostile bid, despite billionaire Larry Ellison's personal guarantee for equity financing. This decision may allow Warner Bros. to proceed with a rival cash-and-stock deal with Netflix, which analysts suggest offers a clearer financing structure and fewer risks. Paramount's revised offer included an increased termination fee and an extended deadline, while maintaining its $30 per share all-cash value.