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.
Party X may have been planning on something, but party Y threw a wrench in the middle, causing party X to have to make some response. By implication, party X believes party Y to be throwing a wrench, hence, party X must act. Therefore, party Y also must be planning something that counteracts party X's desires. If it weren't so, party X would not act (as that costs money).
The thing that contradicts Party X's desires can just be not doing the thing Party X wants done, it doesn't have to be doing an equal and opposite thing.
This seems like a variation on the fallacy of the excluded middle.
Netflix and those involved hasn't conclusively metamorphosed into a Larry Ellison-esque state of Lawn Moweriness.
Make no mistake, it (Netflix) is still a billionaire corp; on the humanity scale, it scores quite low, but not lawn mower low. They're still outside the Ellison event horizon.