Trump Shows Respect for Companies Bidding on Warner Bros

Summary

The White House announced that President Trump has expressed respect for both companies bidding for Warner Bros.Zhitong

Impact Analysis

So, Trump is essentially playing both sides here, but his comments are more than just diplomatic niceties. He’s clearly leaning towards Paramount, especially given his insistence on CNN being sold as part of any deal, which aligns with Paramount’s bid but complicates Netflix’s offer. The timing of his statements, right as the bidding war heats up, suggests he’s trying to influence the outcome. This could be a strategic move to ensure a deal that aligns with his political and personal interests, especially with Kushner’s involvement in financing Paramount’s bid. Bottom line—this adds a layer of political risk to Netflix’s bid and could tilt the scales in favor of Paramount. Watch for potential volatility in Netflix and Warner Bros. stocks as this plays out.Sina Finance+ 10