Netflix received a significant boost for its proposed $82.7 billion acquisition of Warner Bros. Discovery (WBD) after President Donald Trump publicly stated he would not intervene, clearing a major political hurdle that had faced extensive scrutiny in the U.S. Senate.
- Attention now shifts to the WBD shareholder vote on the merger, which is reportedly likely to occur in March.
- NFLX shares closed up +0.89% following the news.