Warner Bros Discovery likely to reject Paramount Skydance’s $108.4 billion bid, despite Larry Ellison’s backing. Board to decide next week. Potential deal with Netflix in the works. Paramount’s bid not increased, but terms adjusted. Netflix’s offer offers clearer financing structure. Warner Bros shareholder not satisfied with revised offer. Paramount argues bid faces fewer regulatory obstacles. Warner Bros board previously urged rejection of Paramount’s bid. Lawmakers express concerns about media industry consolidation. President Trump plans to weigh in on acquisition.

Read more at Yahoo Finance: Warner Bros likely to reject Paramount’s latest hostile bid, source says