Warner Bros Discovery is expected to reject Paramount Skydance's amended $108.4 billion hostile bid, CNBC reported Tuesday.

The rebuff could ‍brush aside Paramount's ‍effort to shore up deal financing through a $40.4 billion personal ⁠guarantee from Oracle co-founder Larry Ellison.

Paramount and Warner Bros Discovery did ​not immediately respond to Reuters' requests for comment.

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.

Paramount had ​said Ellison ⁠had agreed to personally guarantee equity financing backing ‍the bid, a move aimed at easing doubts ‌that had dogged its earlier proposal.

The company also raised its regulatory ⁠reverse ​termination fee and ‍extended its tender offer deadline, while the $30-per-share all-cash value ‍remained unchanged.