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-0.000104542177361224 0.0012617159336698 0.0023431867339581 0.00396539293439075 0.000540735400144217 0.0023431867339581 0.00396539293439075 0.00794160057678436
Stock impact report

Trump met with David Ellison days before saying he's ‘not involved' in Paramount's Netflix battle [CNN]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: CNN
A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here Paramount CEO David Ellison returned to the White House last week to meet privately with President Donald Trump, amid Paramount's ongoing hostile takeover bid for CNN and the rest of Warner Bros. Discovery. Ellison and Trump had two wide-ranging conversations, according to two sources with knowledge of the meetings. The timing of the meetings — early last week — is notable because Trump was asked by NBC's Tom Llamas on Wednesday about Paramount and Netflix's battle , and he said, “I haven't been involved.” That was a major shift for Trump, who had previously said he would be involved and signaled his preference for Paramount. Trump administration regulators are currently reviewing WBD's deal to sell the Warner Bros. studio and HBO to Netflix. Paramount is trying to stop that deal by going straight to shareholders with its own bid for all of WBD, including CNN. Show less Read more
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