Factbox-By the numbers: How the Netflix and Paramount bids for Warner Bros stack up

Paramount, Netflix and Warner Bros logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration

Dec 17 (Reuters) - Warner Bros Discovery's board rejected Paramount Skydance's $108.4 billion hostile bid, saying it failed to provide adequate financing assurances, in a blow to the David Ellison-run company's ambitions to grow its media empire.

Warner Bros' board, in a letter to shareholders, said it found Paramount's offer "inferior" to the merger agreement with Netflix.