Trump Steps Back: Won't Intervene in Netflix-Paramount Battle for Warner Bros

• Former President Donald Trump announced he will not intervene in the acquisition battle between Netflix and Paramount Skydance for Warner Bros Discovery.
• This decision marks a reversal from his earlier stance in December, where he indicated he would have a say in the merger due to market-share concerns.
• Trump stated that he has been contacted by both parties but has chosen to remain out of the matter, leaving it to the Justice Department.
• Netflix has made an all-cash offer of $82.7 billion for Warner Bros Discovery, which has been unanimously backed by the Warner Bros board.
• Paramount Skydance countered with a hostile all-cash bid of $108.4 billion, which was rejected by the Warner Bros board in December, citing Netflix's greater certainty and financial backing.