US EditionTrump says he'll be involved in review of Netflix-Warner Brothers deal
President Trump expressed antitrust concerns over Netflix's $72 billion acquisition of Warner Bros. Discovery, citing the combined firm's large market share and involvement in regulatory approval.
- On Sunday, President Donald Trump said he would have a say on the Netflix–Warner Bros. Discovery merger, warning the combined firm's market share could be a problem and that economists must weigh in.
- Netflix agreed on Friday to buy Warner Bros. Discovery's TV, film and streaming division for $72 billion, folding HBO Max and its film catalogue into Netflix.
- Analysis by JustWatch found the combined Netflix, HBO Max and Discovery would control 34 percent of the American SVOD market, while Netflix has more than 300 million subscribers, but investors saw shares fall as analysts called the deal expensive.
- Regulators could face a formal DOJ review as Writers Guild of America West and East urged officials to block the deal, warning it would eliminate jobs and push down wages, while Sen. Elizabeth Warren said `This deal looks like an anti-monopoly nightmare`.
- Ted Sarandos, Netflix co‑CEO, visited the Oval Office last week and made no promises about the merger, while the deal's value rises toward $82.7 billion amid rare presidential involvement.
146 Articles
146 Articles
US President raises antitrust concerns about US$72 billion acquisition: the chances of closing the deal, according to Polymarket, collapse to 23%
U.S. President Donald Trump said Netflix's deal to buy Warner Bros. Discovery "could be a problem" because of the size of the combined market share. "There's no doubt about it," Trump said, answering questions about the deal and other issues as he walked the red carpet at the Kennedy Center Honors.The Republican president said he would be involved in the decision as to whether the federal government should approve the $72 billion agreement (abou…
The US President fears too great a market power in a takeover of Warner Brothers by Netflix. He himself is close to a inferior competitor.
The US president now wants to be involved in the merger of Netflix and Warner Brothers.
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