Streaming "king" merges! Netflix (NFLX.US) officially announced the acquisition of Warner Bros. Discovery (WBD.US) for $82.7 billion, establishing a "super content" empire.

According to the report from the Securities Times APP, Netflix (NFLX.US) announced that it will acquire Warner Bros. Discovery Channel (WBD.US) at a price of $27.75 per share (with a total enterprise value of approximately $82.7 billion), including its film and television production departments, HBO Max and other businesses. Netflix stated that it will maintain Warner Bros.' existing operating model; the total equity value of this transaction is approximately $72 billion. A previous report stated that Netflix had become the highest bidder to acquire Warner Bros. According to the terms of the agreement, each Warner Bros. shareholder will receive $23.25 in cash and 4.501 shares of Netflix common stock for each share they own.