President Donald Trump signaled a major shift in his administration’s approach to the media landscape on Wednesday, announcing he will not personally intervene in the blockbuster $82.7 billion merger between Netflix Inc. (NASDAQ:NFLX) and Warner Bros. Discovery Inc. (NASDAQ:WBD).
Reversal Of Influence
In an interview with NBC News anchor Tom Llamas, the President reversed his December stance, where he had suggested he would be “involved in that decision” due to concerns over market concentration. Instead, Trump stated he would defer to career regulators.
“I haven’t been involved,” Trump told Llamas from the White House. “I must say, I guess I’m considered to be a very strong president. I’ve been called by both sides… but I’ve decided I shouldn’t be involved. The Justice Department will handle it.”
Bidding War Intensifies
The deal, which would combine the world’s leading streamer with the …Full story available on Benzinga.com
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