Trump Steps Back from Netflix, Paramount Skydance Battle for Warner Bros. Discovery

• Donald Trump announced he will not intervene in the dispute between Netflix and Paramount Global's Skydance Media over the acquisition of Warner Bros. Discovery.
• This decision contrasts with his previous stance last year, when he hinted at reviewing the details of such a major media merger.
• Trump stated in an NBC interview that both sides had contacted him, but he believes the Justice Department should handle the matter.
• Netflix proposed a $72 billion deal to acquire key Warner Bros. Discovery assets, including its film studio, HBO, and HBO Max.
• Paramount Global's Skydance Media sought to acquire the entire Warner Bros. Discovery company and is pursuing a hostile takeover after its offers were rejected.