White House View On Netflix, Warner Bros Deal Is One Of ‘Heavy Skepticism,’ Says Trump Administration Official: Report
Synopsis
Netflix said on Friday that it would acquire Warner Bros. film and television studios, HBO, and streaming service HBO Max in a cash-and-stock deal valued at $82.7 billion.
The White House’s view of the just-announced deal between Netflix Inc. (NFLX) and Warner Bros. Discovery Inc. (WBD) is reportedly one of “heavy skepticism.”
According to a CNBC report, doubts about the deal stem from a comment by a senior White House official, even though President Donald Trump has not yet chimed in.
Netflix said on Friday that it would acquire Warner Bros. film and television studios, HBO, and streaming service HBO Max in a cash-and-stock deal valued at $82.7 billion.
Netflix shares were down by nearly 2% in Friday’s opening trade, while Warner Bros. Discovery shares rose more than 2%. Retail sentiment on Stocktwits around Netflix trended in the ‘extremely bullish’ territory. Netflix was the top trending ticker on Stocktwits at the time of writing.
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