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Warner Bros. Discovery announced it has agreed to sell its studio and streaming assets to Netflix for $82.7 billion.

President Donald Trump said Sunday that the proposed $72 billion merger between Netflix and Warner Bros. Discovery "could be a problem" due to the amount of market share that the resulting company would have.

The value of the deal balloons to more than $82 billion when accounting for debt.

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Netflix said Friday it would purchase Warner Bros. Discovery's film studio, HBO and streaming service HBO Max. If approved, Netflix would also get access to decades of films and shows in the Warner Bros. Pictures archive.

The deal would not include cable networks such as CNN and

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