Summary
President Donald Trump commented on Netflix's planned purchase of Warner Bros for $82.7 billion. He praised Netflix co-CEO Ted Sarandos but raised concerns about the deal's impact on the market. The deal will merge two large media companies under Netflix, which may undergo regulatory review.
Key Facts
- President Donald Trump praised Netflix co-CEO Ted Sarandos for his work.
- Netflix plans to buy Warner Bros for $82.7 billion in a combination of cash and stock.
- The deal makes Netflix the owner of a large collection of popular films and TV shows.
- The acquisition will increase Netflix's market share in the streaming industry significantly.
- Regulatory approval is needed for the deal to go through because of concerns about market concentration.
- Netflix emerged as the leading bidder, surpassing other offers from Paramount and Comcast.
- This acquisition would add Warner Bros.'s film and TV assets to Netflix’s existing platform.
- President Trump indicated he would be involved in the decision process given its market implications.
