Overview
- Trump told reporters he needs market-share data for Netflix and Paramount as his administration prepares to review their competing offers for Warner Bros. Discovery.
- He said he has not spoken with Jared Kushner about Paramount’s offer and added that he does not know enough about that bid.
- The president previously said he would be involved in the decision and confirmed a recent White House meeting with Netflix co-CEO Ted Sarandos, whom he praised.
- Paramount launched a hostile bid to buy the entire company, with an SEC filing showing financing from Kushner and investors in Qatar, Saudi Arabia, and the United Arab Emirates.
- Netflix’s reported deal is valued at about $82 billion and excludes CNN, while Sen. Elizabeth Warren urged the Justice Department to make an independent antitrust determination.