Feb. 5 at 1:35 PM
U.S. President Donald Trump said he will not intervene in the ongoing battle between Netflix and Paramount Skydance over Warner Bros. Discovery.
Netflix shares rose after Trump told NBC News that he had “decided I should not get involved” in the review of the
$82.7 billion media merger, reversing his December statement that he would participate in the decision.
Trump emphasized that the U.S. Department of Justice will handle the review, which currently considers both Netflix’s bid and a competing hostile offer from Paramount Skydance. He acknowledged the competitive tension between the two companies, noting that each claims the other is too large, and a winner will ultimately emerge.
$WBD $NFLX