New Delhi, Jan. 25 -- Global media giant Netflix's Chief Executive Officer (CEO) Greg Peters rejected Paramount Skydance's $108 billion bid to acquire Warner Bros. Discovery (WBD), calling out that the offer being backed by Oracle co-founder Larry Ellison, who is set to fund $40.4 billion in equity financing, reported the news portal Financial Times (FT).

Netflix's CEO said that without Larry Ellison's financial backing via independent financing, there is allegedly no chance that Paramount will be able to pull off the funding for the acquisition round.

Mint reported earlier that Larry Ellison has agreed to personally fund $40.4 billion in equity financing to support Paramount Skydance's all-cash offer for the potential Warner Bros. Disc...