Warner Bros Discovery to reject Paramount's $108 billion bid? Netflix may emerge winner of mega deal — What we know

Key Highlights

• Warner Bros. Discovery plans to reject a $108.4 billion bid from Paramount Skydance.
• The rejection is likely to be announced as early as Wednesday.
• Warner Bros. considers Netflix's prior bid of $72 billion to be more favorable.
• Affinity Partners, a key backer of Paramount's bid, has withdrawn support.
• Concerns about financing and competition influenced Warner Bros.' decision.