The $100B Mistake? Why the Winner of the Warner Bros. will be the Biggest Loser...

There is a moment in every bidding war when discipline dies and ego takes over.The fight for Warner Bros. Discovery has entered that phase.With Paramount Pictures signaling a higher bid, and Netflix sitting on a signed agreement, this auction is no longer about value — it’s about winning.History is clear:Acquirers overpay.Shareholders absorb the pain.Targets celebrate the premium.From AOL & Time Warner…To Hewlett-Packard & Autonomy…To Quaker Oats Company & Snapple…The academic evidence backs it up. The winner in a competitive auction is often the bidder who overestimates the asset the most.Seven times leverage.Declining linear TV economics.Synergies built under emotional pressure.Truthbomb: Winning this fight may be the most expensive mistake of the decade.Support the show