Warner Bros. Discovery is expected to reject Paramount Skydance's latest takeover bid, valued at approximately $108 billion. Despite Paramount amending its offer with a personal guarantee from billionaire Larry Ellison and increased termination fees, Warner Bros.' board is reportedly concerned about execution risks and the lack of an increased per-share price. The company is likely to continue pursuing a rival deal with Netflix, which analysts suggest offers greater financing certainty despite a lower headline valuation.