彻底炸锅！刚刚，7600亿“大战”！

Core Viewpoint - The potential acquisition of Warner Bros by Netflix, valued at approximately $827 billion, faces significant scrutiny and opposition from regulatory bodies, especially following President Trump's warning about antitrust issues [2][12][13]. Group 1: Acquisition Details - Netflix has reached an agreement to acquire Warner Bros, including its film and television studios, HBO Max, and HBO business, with a total valuation of about $827 billion, translating to an estimated $27.75 per share [8][9]. - Paramount has launched a hostile takeover bid for Warner Bros, offering $1,084 billion in cash at $30 per share, which represents a 139% premium over Warner Bros' unaffected stock price [3][4]. - Paramount claims its offer provides $18 billion more in cash benefits to shareholders compared to Netflix's proposal [3]. Group 2: Market Reactions - Following the announcement of Paramount's bid, its stock surged by 9%, while Warner Bros' stock rose over 4%, and Netflix's stock fell by more than 3% [5]. - The market's reaction indicates investor skepticism regarding the approval of Netflix's acquisition, especially in light of potential regulatory challenges [10]. Group 3: Regulatory Concerns - Trump's comments on the potential antitrust implications of the merger have raised concerns among regulatory agencies, with the possibility of the merger being deemed illegal if it exceeds a 30% market share threshold [12][13]. - The U.S. Department of Justice is expected to conduct a lengthy review of the merger, which could take at least 10 months [9][13]. - Bipartisan criticism from lawmakers suggests that the merger could harm consumer interests by creating a dominant streaming entity with 450 million users [13]. Group 4: Strategic Implications - Paramount believes that merging its Paramount+ streaming service with Warner Bros' HBO Max will create a strong competitor against major players like Netflix, Amazon Prime Video, and Disney+ [4]. - Netflix's CFO has stated that the acquisition aims to attract and retain more subscribers, leveraging Warner Bros' popular content [8].