Netflix is set to acquire Warner Bros' studios, HBO Max, and HBO in a transaction valued at $82.7 billion. This is Netflix's biggest acquisition ever. The streamer won the bid after offering to pay $27.75 for each Warner Bros. Discovery (WBD) share, of which $23.25 will be paid in cash, and $4.50 will be paid in shares of Netflix common stock. The deal was unanimously approved by Netflix and WBD's boards. Paramount-Skydance and Comcast were some of the other parties interested in the acquisition. Paramount reportedly wanted to acquire all of WBD, which includes its cable networks like CNN, TNT, and TBS. Comcast, on the other hand, wanted the studios and HBO Max. Netflix viewers can expect a larger library and the possibility of a price hike to go with it. But – with much more streaming content coming under one roof, it wouldn't be surprising if regulators take a closer look at the acquisition for potential anti-competitive concerns. #Netflix #Acquisition #WarnerBrosDiscovery #HBOM...