What if Collin the Speedy Boy was acquired by Viacom in 2018?

We all know that Collin the Speedy Boy is owned by Warner Bros. and still is since AT&T acquired Time Warner (now WarnerMedia). However, during the production of the acquistance, if AT&T and Time Warner did fail, Viacom expressed interested in buying the CTSB rights. However, it failed since the merger became a success. But what if the merger did fail and Viacom did end up buying the rights to the CTSB franchise. Here's what are to happen.