The streaming giant is ready to shell out over $82 billion in real cash to acquire a venerable Hollywood studio. This industry-shaking acquisition is not only set to reshape the global film and television landscape, but also has retail investors closely watching the stock price fluctuations.

Here’s the deal: The acquirer plans to buy the target company at $27.75 per share—a significant premium over the current market price. Of the $82 billion price tag, most will be paid in cash, with a smaller portion settled through a stock swap. Sounds like deep pockets? Absolutely. After all, the target owns a nearly century-old content goldmine, with one of the deepest film libraries and strongest brands in the industry.

But whether this deal goes through ultimately depends on the regulators. Antitrust reviews are expected to drag on for a year, since the market concentration will soar even higher if the deal closes. Critics are already voicing concerns: “If the giants get even bigger, how can anyone else survive?” It’s a valid point—the competitive landscape of the content market could be fundamentally rewritten.

Right now, everyone is waiting on the regulators’ stance. If the deal passes, a new era of dominance in the global entertainment industry will begin; if not, that $82 billion dream will have to be sent back to the drawing board.