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Stock impact report

Sanders accuses Trump of ‘authoritarianism' in Warner Bros. battle [FOX Business Network]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Sen. Bernie Sanders, I-Vt., is accusing President Donald Trump of embracing "authoritarianism" after learning that Jared Kushner helped advance Paramount's hostile takeover bid for Warner Bros. Discovery. "A handful of giant corporations already control much of the media," Sanders wrote Wednesday in an X post. "Trump wants to make it worse. He vows to ‘be involved' in allowing his billionaire allies, his son-in-law, and the Saudis, Qataris and Emirates to buy Warner Bros." Sanders added, "That's authoritarianism. Not democracy." On Friday, Netflix Friday agreed to acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max, in a cash-and-stock deal valued at $27.75 per Warner Bros. Discovery share. Then on Monday, Paramount launched a $108 billion hostile takeover bid for the entire company, including its cable assets like CNN. Trump did not say on Monday whether he supported Paramount's bid, which is being partially financed by his son-in-l Show less Read more
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