Netflix announced on Friday that it planned to buy Warner Bros. Discovery in an $82.7 billion deal that could redefine Hollywood and the broader media landscape.

The Netflix and Warner Bros Discovery deal came in quicker than expected, but the regulatory part of the agreement may not see such a smooth road, according to a CNBC report.

With a total enterprise value of $82.7 billion (equity value of $72.0 billion), the cash and stock transaction is valued at $27.75/WBD share.