It’s *crucial* to note the differences in the WBD acquisition bids:
- Netflix wants streaming and studios (Warner Bros, DC Studios, etc. and their content libraries). CNN, HGTV, Discovery Channel, etc. would be spun off
- Paramount wants *everything*
Comcast’s bid was for the same as Netflix’s. The “Global Linear Networks” division would be spun off as Discovery Global, which would be a publicly traded company