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Trump: US Govt to Review Netflix Acquisition of Warner Bros. Discovery Deal
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Netflix (NFLX.US) is acquiring certain assets of Warner Bros. Discovery (WBD.US) by way of cash and stock, including its film and TV studios, naming HBO Max and HBO, involving a total consideration of US$72 billion. However, US President Donald Trump said that the government needs to review this transaction, as it will result in Netflix having a very high market share, raising concerns that it might cause issues. AASTOCKS Financial News Website: www.aastocks.com |
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