Paramount, a Skydance Corporation, and Netflix both want to purchase Warner Bros. Discovery but will face similar antitrust issues and might have to alter plans to satisfy regulators, according to a competition law guru. Warner Bros. Discovery (WBD) agreed to sell its film and television studios and streaming platform, HBO Max, to Netflix in a cash-and-stock deal valued at $27.75 per share. But then Paramount announced Monday an all-cash tender offer to acquire WBD for $30.00 per share in cash, with the company suggesting it’s a "superior" offer. Scott Wagner, co-head of the antitrust practice...

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