Summary: Warner Bros Discovery’s board is expected to advise shareholders to reject Paramount Skydance’s $108.4 billion takeover bid and support Netflix’s $27 billion offer for Warner Bros’ non-cable assets. Paramount’s bid, financed by equity and debt, is considered superior and more likely to gain regulatory approval.

Link: https://www.channelnewsasia.com/business/warner-bros-likely-reject-1084-billion-paramount-bid-back-netflix-in-bidding-war-sources-say-5611471