Netflix isn't buying CNN though, Paramount can just pick up Discovery on the cheap when its split off. There's no reason for them to even be trying to do a hostile bid either. I think this is just purely an ego/power trip thing.
It's scheduling. WBD was set to spin off Discovery Global in April --- after the March congressional primaries. The hostile bid creates leverage to get the TV networks spun off sooner, rather than later, to ensure that the Ellisons can pick them up Q1, in time to set the narrative for the congressional primaries.
