FILE PHOTO: Paramount and Warner Bros logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Corrects paragraph 2 to say Larry Ellison is co-founder of Oracle, not CEO; the error had appeared in the previous versions of the story)
LOS ANGELES, Dec 17 (Reuters) - Warner Bros Discovery's board rejected Paramount Skydance's $108.4 billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances.
