Warner Bros. Poised to Reject Paramount Bid Again Despite Ellison's Guarantee

• Warner Bros. Discovery Inc. is expected to reject Paramount Skydance Corp.'s takeover bid next week, despite Larry Ellison's personal guarantee.
• The Warner Bros. board previously declined Paramount's offer, deeming it less favorable than a prior bid from Netflix Inc.
• Key concerns include Paramount not increasing its offer, potential debt management restrictions without the Ellisons' consent, and lack of commitment to Netflix's breakup fee.
• Paramount, owned by Larry and David Ellison, seeks access to Warner Bros.' foundational studio and enhanced streaming capabilities.
• The board awaits an improved offer, with investors anticipating a larger financial proposal from Paramount.

Why It Matters: Warner Bros. likely to reject Paramount's unchanged bid, seeking better terms and debt control.