The Biggest Obstacle to Netflix Acquiring Warner Bros. Isn't Paramount Skydance. It's This.

Netflix (NASDAQ: NFLX) and Paramount Skydance have been battling it out over Warner Bros. Discovery (NASDAQ: WBD) for several weeks. Netflix wants to acquire Warner Bros., while Paramount has engaged in a hostile takeover attempt. Although Warner Bros. Discovery shareholders have been voting in favor of the Netflix deal and continue to reject Paramount Skydance, there's still plenty of uncertainty about how all of this will play out. The bigger obstacle for Netflix may not even prove to be Paramount. It's ...