WBD Poised to Reject Paramount Skydance Bid Again Over Valuation, Debt Concerns

• Warner Bros. Discovery (WBD) is expected to reject Paramount Skydance's revised takeover bid.
• WBD's board remains unconvinced by the offer, citing valuation issues and an earlier preference for Netflix Inc.'s proposal.
• Concerns include structural risks, potential loss of independent debt management, and tying financial decisions to the Ellisons.
• Paramount Skydance has not committed to covering WBD's potential breakup fee to Netflix.
• WBD's board awaits a substantially improved offer from Paramount to revive talks.

Why It Matters: WBD likely to reject Paramount Skydance's revised bid due to valuation, structural risks, and Netflix breakup fee.