U.S. President Donald Trump raised potential antitrust concerns around Netflix¡¯s planned $72 billion acquisition of Warner Bros. Discovery, noting that the market share of the combined entity may pose problems.
Trump¡¯s comments, made as he arrived at the Kennedy Center for an event, may spur concerns regulators will oppose the coupling of the world¡¯s dominant streaming service with a Hollywood icon. The company faces a lengthy Justice Department review of a deal that would reshape the entertainment industry.
¡°Well, that¡¯s got to go through a process, and we¡¯ll see what happens,¡± Trump said Sunday when asked about the deal, confirming he met Netflix co-Chief Executive Officer Ted Sarandos recently. ¡°But it is a big market share. It could be a problem.¡±
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