Insider: Warner Brothers may reject Paramount's $108.4 billion offer in favor of Netflix participating in the bidding war.

According to informed sources, Warner Bros is exploring the possibility of announcing the decision of the board of directors to reject the $10.84 billion acquisition offer from Paramount Skydance as early as Wednesday. The board may recommend shareholders to vote against the offer. Warner Bros has decided to reconsider Netflix's acquisition offer, marking the latest twist in the asset battle. These assets include Warner Bros' long-standing film and television production studios, as well as Warner Bros' extensive film and television library, which includes classic films such as "Casablanca" and "Citizen Kane", as well as contemporary popular films like "Harry Potter" and "Friends", HBO and HBO Max streaming services. A spokesperson for Warner Bros declined to comment on this.