Trump Expresses Doubts About Netflix’s Acquisition of Warner Bros.
US President Donald Trump warned on Sunday that Netflix’s planned acquisition of Warner Bros. Discovery could face objections from antitrust regulators.
According to Trump, the combined company’s market share could become too large.
“Such an acquisition has to go through a careful process. We’ll see what happens,” Trump said upon arriving at an event at the Kennedy Centre in Washington. He confirmed that he had recently met with Netflix CEO Ted Sarandos. “But it involves a very large market share. That could be a problem,” the president added.
Trump also said that he will personally intervene in the review of the deal.
The acquisition, valued at $82.7 billion, will give Netflix the Warner Bros. film and television studios. and streaming service HBO Max. This would bring two of the world’s largest streaming services, with a combined subscriber base of over 400 million, under one company.
