Will Netflix’s $82.7 billion deal to amass Warner Bros. get approval from federal regulators?
Whereas Paramount was assumed to be the frontrunner to amass the storied film studio due to CEO David Ellison’s connections to the Trump administration, new reporting in Bloomberg and The Hollywood Reporter means that Netflix co-CEO Ted Sarandos met with President Donald Trump to debate a possible deal in November.
Trump reportedly informed Sarandos that Warner Bros. ought to promote to the very best bidder, and the Netflix govt appears to have left the assembly satisfied that the president wouldn’t instantly oppose the acquisition.
After the preliminary tales in regards to the assembly appeared on Sunday, Trump confirmed that the assembly befell. As for his emotions in regards to the deal, he stated, “Netflix is a superb firm. They’ve executed an exceptional job. Ted is a unbelievable man. I’ve quite a lot of respect for him. Nevertheless it’s quite a lot of market share, so we’ll must see what occurs.”
Bloomberg additionally studies that Warner Bros. CEO David Zaslav was reluctant to promote the corporate and was shocked when Paramount started to discover an acquisition — if nothing else, he’d anticipated Ellison to attend till the studio accomplished a deliberate cut up of its film and streaming companies from its cable networks.
Finally, Warner Bros. stated it will think about different bids, resulting in a aggressive course of that Netflix gained — though Paramount might nonetheless maintain its hat within the ring with a hostile bid.
This publish has been up to date with Trump’s feedback.
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