US EditionTrump met with David Ellison days before saying he’s ‘not involved’ in Paramount’s Netflix battle
Paramount CEO David Ellison met Trump to seek regulatory support against Netflix's Warner Bros. deal amid Justice Department antitrust review, with Paramount offering $30 per share.
- The White House saw Paramount visitor David Ellison meet privately with President Trump during two wide-ranging conversations.
- Paramount is taking its bid directly to shareholders and argues the deal is inferior to its $30-per-share offer, citing a clear regulatory path linked to the family’s ties to the president.
- A Wall Street Journal report said the Justice Department subpoenaed Netflix, while Netflix says it `is not aware of any investigation` outside the standard merger review process.
- Paramount declined to comment, and a Paramount spokesperson and the White House press office did not respond to requests about the White House meetings.
- WBD plans to split later this year, and to date there is little evidence WBD shareholders are rushing to side with Paramount, with observers noting `They’re beating the hell out of each other — and there’ll be a winner.
14 Articles
14 Articles
Trump DOJ Launches Bunk Investigation Of Netflix Merger As a Favor To Larry Ellison
We told you this was coming months ago. The Trump Department of Justice (DOJ) says it has initiated a broad investigation of Netflix’s business practices and it’s planned $82.7 billion merger with Warner Brothers. The Trump DOJ’s pretense is that they’re just suddenly really concerned about media consolidation and monopoly power (you’re to ignore the U.S. right wing’s generational and indisputable quest to coddle and protect monopoly power acros…
Trump met with David Ellison days before saying he’s ‘not involved’ in Paramount’s Netflix battle
The timing of the meetings — early last week — is notable because Trump was asked by NBC’s Tom Llamas on Wednesday about Paramount and Netflix’s battle for WBD, and he said, “I haven’t been involved.”
Tech Analysts Tout Netflix/WBD Merger as Good for Consumers, Competition
A group of tech industry observers have weighed in on Netflix’s accepted $82.7 billion acquisition of the streaming and studio assets of Warner Bros. Discovery — arguing that the combination of the two companies is a positive and not a downside to consumers, Hollywood or the digital entertainment landscape. With the Justice Department and Congress … Continue reading "Tech Analysts Tout Netflix/WBD Merger as Good for Consumers, Competition" The p…
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
