The Globe and Mail reports in its Friday, Jan. 9, edition that Paramount Skydance said its $108.4-billion bid for Warner Bros. Discovery is superior to Netflix's offer, claiming that the value of the cable spinoff in Netflix's deal is essentially worthless (all figures U.S.). A Reuters dispatch to The Globe reports that Warner Bros.' board on Wednesday rejected Paramount's amended hostile offer that included $40-billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount chief David Ellison, and $54-billion in debt. The CBS parent and Netflix are engaged in a fierce battle for Warner Bros., its valuable film and television studios, and its extensive content library. Paramount argues that its all-cash $30-a-share offer for Warner Bros. is superior to Netflix's $27.75 cash-and-stock deal, which is valued at $82.7-billion, and believes it will face fewer regulatory hurdles. Paramount suggested on Thursday that CNN and Discovery's cable properties, which Netflix does not want, are worth less than nothing, based on an equity valuation of Versant Media Group, a Comcast spinoff with digital and TV assets like CNBC. That stock has dropped 18 per cent since its market debut on Monday.