India, Dec. 12 -- When Netflix agreed to buy Warner Bros. Discovery's (WBD) television, film studio and streaming businesses at an enterprise value of nearly $82.7 billion, the American streaming service informed all its subscribers that the deal will close after all regulatory and shareholder approvals. It added that the entertainment service will offer Warner Bros. franchises such as Harry Potter, Friends, Big Bang Theory, Game of Thrones and the DC Universe along with its own extensive portfolio. The mail had barely reached the subscribers when Paramount Skydance launched a hostile bid worth $108.4 billion for WBD.

We are yet to hear the last word on the eventual winner, but Netflix co-CEO Ted Sarandos has expressed confidence in clos...