Trump Steps Back From Hollywood's Biggest Bidding War For Warner Bros-Netflix Media Merger: 'The Justice Department Will Handle'

President Donald Trump signaled a major shift in his administration’s approach to the media landscape on Wednesday, announcing he will not personally intervene in the blockbuster $82.7 billion merger between Netflix Inc. (NASDAQ:NFLX) and Warner Bros. Discovery Inc. (NASDAQ:WBD). Reversal Of Influence In an interview with NBC News anchor Tom Llamas, the President reversed his December stance, where he had suggested he would be “involved in that decision” due to concerns over market concentration. Instead, ...