Warner Bros. Discovery confirmed that it received an amended, unsolicited tender offer from Paramount Skydance to acquire all outstanding shares. The media giant said that under the terms of its current arrangement with Netflix, its board will consider the offer with advisors. However, it also made one thing very plain. That's a kind way of stating that Paramount may be louder, but Netflix is still ahead for now. Here’s the part Wall Street keeps missing: this isn’t one deal; it’s 2 different payouts ...