RgStudio / E+ via Getty Images Quick Read Netflix (NFLX) acquired Warner Bros studios and HBO Max for $82.7B at$27.75 per share. The deal adds 100 million HBO Max subscribers to Netflix’s 300 million accounts. Netflix debt will balloon from $14.5B to over$90B while its debt-to-equity ratio jumps from 0.56 to above 2.5. Integration risks are severe as 70% to 90% of mega-mergers fail due to cultural clashes and poor communication. If you’re thinking about retiring or know someone who is, there are ...