Warner Bros to reject $108bn Paramount bid, reports say

Warner Bros is reportedly set to reject a $108 billion bid from Paramount Skydance, with reports indicating that its backers, including Affinity Partners, have pulled out of the bid. The bid, deemed "superior" to a previous deal with Netflix, is facing resistance over concerns about financing and potential competition issues. Despite Warner Bros' move to advise shareholders to reject the offer, the acquisition is expected to face regulatory scrutiny due to the impact on the competitive streaming market.