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Monopoly Expert Says Netflix’s Bid for WB Isn’t Meant to Succeed—It’s a Big Dirty Trick

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yesterday

The bidding war for Warner Bros. has turned dramatic as Paramount challenges Netflix’s bid. Is that the whole point?

BY MARÍA JOSÉ GUTIERREZ CHAVEZ, EDITORIAL FELLOW

Netflix corporate offices in Los Angeles, California. Photo: Getty Images

The battle for Warner Bros. Discovery is heating up. On Monday, Paramount Skydance announced a bid for the media corporation behind HBO, bypassing the Warner Bros. board and taking an all-cash offer of $30 per share (for a total of $108 billion) straight to shareholders. Paramount’s bid places it in competition with Netflix. Last week, the streamer........

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