Three days ago, I wrote about Netflix's $82.7 billion deal to acquire Warner Bros. and how consolidation would somehow make streaming "cheaper" for consumers. Turns out, the story wasn't over. Paramount Launches Hostile Takeover Bid Today, Paramount launched a **$108.4 billion hostile bid** for Warner Bros....

What's Actually Happening Netflix is dropping $82.7 billion to acquire Warner Bros. following the separation of Discovery Global from Warner Bros. Discovery. At $27.75 per share, this deal brings Warner Bros. Studios, HBO, and HBO Max under Netflix's umbrella—combining a century-old Hollywood legacy with the streaming...