Would rather Microsoft went for Warner Bros/DC if I had to choose though, at this rate they're going to be sold off again in a few years, they've probably had more owners than anyone in the industry, Lol. They may not have as many subs as Netflix but that's mostly been due to lack of desire/effort and incompetence from the owners, plus Netflix being first, Zaslav being an idiot, in reality though, Warner Bros/DC have IPs just as strong as Netflix but they're ran poorly.
They'd likely cost less than half of what Netflix would, especially if it doesn't come with Discovery which I don't think it would and if they dump news focused stuff which they wouldn't need. Warner Bros/DC together would probably be around $30-$40bn with a market cap of $22bn...There is the 'small' matter of $50bn in debt but debt can be paid off later and is no issue for Microsoft, in reality Microsoft would only be dropping about $40bn in cash rather than blowing through it all on Netflix.
They have more synergy with Microsoft, for example, they have a significant gaming division which would be great for Game Pass and that division is profitable, Microsoft could potentially do cool stuff with the amusement parks with Xbox/Bethesda IP. Decent chance that Netflix would be blocked if they don't shut down their gaming division as well, it could be seen as Microsoft acquiring and extinguishing a new potential competitor since Netflix's streaming service is exactly that, a streaming service for games and now they're exploring a Cloud Gaming service as well.
Probably be a lot easier to pass WB/DC through regulatory bodies than Netflix.
