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Stock impact report

Trump allies claim victory as the Ellisons expand their media empire [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
Hours after Netflix sent shock waves through the media and entertainment world by withdrawing its $83 billion bid for most of Warner Bros. Discovery, Laura Loomer celebrated on X in all-caps: “VICTORY.” The far-right influencer, who has called herself President Donald Trump's “loyalty enforcer,” had spent months denouncing Netflix over its ties to former president Barack Obama and urging Trump to “kill” the megamerger that she said would have given the streaming giant control over CNN, HBO and more. (Netflix's bid ended up not including those properties.) Netflix's withdrawal Thursday evening cleared the way for David Ellison's Paramount Skydance to instead take the reins of the cable network, whose coverage the president has labeled “fake news.” Paramount's triumph in a bidding war for Warner Bros. Discovery is a game-changing business move - one that will add HBO, the DC Comics universe, the Harry Potter and Star Trek franchises, and a slew of other TV channels and movie studio Show less Read more
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