Warner Bros Discovery is expected to reject Paramount Skydance's amended $108.4 billion hostile bid, CNBC reported on Tuesday, despite ​billionaire Larry Ellison backing the media giant's offer with a ‌personal guarantee. Warner Bros and Paramount Skydance declined to comment on the report. The decision could keep ‌Warner Bros on track to pursue a rival cash-and-stock deal with Netflix, underscoring broad concerns over valuation, strategic fit and deal certainty despite Paramount's attempt to sweeten its offer.