US President Donald Trump raised potential antitrust concerns around Netflix’s planned $72 billion acquisition of Warner Bros. The transaction would combine the world’s No. 1 streaming player with HBO Max and the Justice Department’s antitrust division could argue that the deal is illegal because the combined market share would put Netflix well over a 30% threshold. Lawmakers have already faulted the transaction as harmful to consumers. Bloomberg’s Manuel Baigorri breaks down the situation. (Source: Bloomberg)
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Netflix-Warner Deal May Pose Problem, Trump Warns
