00:00It's Benzinga bringing Wall Street to Main Street
00:02President Donald Trump said Wednesday he will not personally intervene in Netflix's proposed
00:07$82.7 billion acquisition of Warner Bros. Discovery and will leave the decision to career antitrust
00:14regulators. In an interview with NBC News, Trump said he will not get involved in the decision
00:19and will leave the review of the deal to career regulators at the Justice Department,
00:23reversing his earlier stance. Trump's shift followed a Senate Judiciary Subcommittee hearing
00:28where lawmakers question Netflix co-CEO Ted Sarandos about content and monopoly concerns
00:33tied to a potential Netflix Warner merger. Netflix faces a $5.8 billion breakup fee if the deal
00:40collapses, while WBD would owe $2.8 billion if it pivots to a different transaction.
00:45For all things money, visit Benzinga.com.
Comments