Trump Steps Back from Warner Bros. Merger Battle, Cites Justice Department Role

• President Donald Trump stated he will not intervene in the corporate dispute between Netflix and Paramount Skydance over Warner Bros. Discovery Inc.
• Trump confirmed he has been contacted by both sides but decided to leave the matter to the US Justice Department.
• This marks a change from his previous stance, where he indicated personal involvement in reviewing any Warner Bros. merger.
• Warner Bros. has rejected Paramount's offers, opting for an $82.7 billion merger with Netflix.
• The merger faces scrutiny from Congress and concerns from Trump allies regarding its impact on consumers and 'woke' content.