The $83 billion proposed acquisition of Warner Bros Discovery by Netflix is raising alarms. And it may get more alarming: Paramount on Dec. 8 announced a hostile all cash bid valued at $108.4 billion seeking to derail the Netflix bid.
Netflix’s enormous $82.7-billion proposed takeover of Warner Bros. Discovery studios and streaming services, announced on Dec. 5, has alarmed everyone from consumer groups to entertainment veterans to prominent figures in Washington as well as Wall Street.
The transaction has caused multiple factions...