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Stock impact report

Trump Dials Back on Warner Bros.-Netflix Deal Influence: ‘I Shouldn't Be Involved' [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
Bros.' studio and streaming assets Wednesday, telling NBC News, “I shouldn't be involved.” “I haven't been involved,” Trump told “NBC Nightly News” anchor Tom Llamas in their exclusive interview. “I must say, I guess I'm considered to be a very strong president. I've been called by both sides. It's the two sides, but I've decided I shouldn't be involved. The Justice Department will handle it.” Netflix sealed the deal on Warner Bros. in December, beating out competing bids from Paramount and its new CEO David Ellison for all of Warner Bros. Discovery. The latter studio has since launched a hostile takeover bid over Netflix. Pressed on whether he favors one over the other, Trump told NBC News that “they're beating the hell out of each other.” “There's a theory that one of the companies is too big and it shouldn't be allowed to do it, and the other company is saying something else,” the president said. “They're beating the hell out of each other — and there'll be a winner.” Trump Show less Read more
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