Overview
- Netflix has agreed to acquire Warner Bros. Discovery for $83 billion, according to reports.
- President Donald Trump said Netflix already holds a very large market share and warned the takeover "could be a problem."
- Trump said he will be involved in regulators’ decision on whether the deal can proceed.
- If completed, the deal would give Netflix control of HBO Max and Warner Bros. studios, while channels such as CNN and Discovery Channel would be placed in a separate publicly traded entity.
- Netflix outbid Comcast and Paramount Skydance for WBD, and Trump said Netflix co-CEO Ted Sarandos recently visited him at the White House.