Warner Bros. Poised to Reject Paramount's Amended Takeover Bid Again

• Warner Bros. Discovery Inc. plans to reject Paramount Skydance Corp.'s amended takeover offer next week, despite a new $40.4 billion equity guarantee from Larry Ellison.
• The Warner Bros. board previously deemed Paramount's offer inferior to a deal with Netflix Inc. for its studio and streaming businesses.
• Concerns include Paramount's failure to increase its financial terms, potential debt management issues without Ellison's approval, and lack of guarantee for Netflix breakup fees.
• Paramount, controlled by Larry and David Ellison, seeks to acquire Warner Bros. to expand its media empire and gain scale in streaming.
• Warner Bros. maintains Netflix's offer is superior, citing Paramount's high debt and planned job cuts, contrasting with Netflix's $400+ billion market value.

Why It Matters: Warner Bros. is set to reject Paramount's bid again, favoring Netflix's offer due to financial and strategic concerns.