Netflix and Warner Bros. deal with a Trump twist

“Who’s watching?” Netflix every time someone visits the site. On Friday, probably everyone interested in business, markets, and television gathered together.

The main characters that made people fall in love with Netflix and warner bros discoverythe streaming giant jointly announced that it would acquire the latter’s movie studio and streaming service HBO Max. The value of the stock deal is pegged at $72 billion.

Netflix investors didn’t seem too fazed by the deal, with the stock dropping 2.89% due to the size of the deal.

“This reckoning is going to hurt Netflix for some time, there’s no question about it,” Rich Greenfield, co-founder of Lightshed Partners, told CNBC. “This is expensive,” he added.

But if one party is paying a high price, it means the other party is receiving a bounty. In fact, investors were so excited about Warner Bros. Discovery’s potential windfall that the stock rose 6.3% on the news.

No agreement has yet been reached and the deal is subject to regulatory oversight. Trump said he would be involved in the decision after a senior Trump administration official told CNBC’s Eamon Gervers on Friday that the president views the deal with “deep skepticism,” Reuters reported on Monday.

Despite this initial reluctance, strange things are happening with this administration, and a deal may finally be struck. Better get ready for Netflix’s next blockbuster K-Pop Demon Hunter: A Song of Ice and Fire?

US stocks were positive on Friday. of S&P500 recorded its ninth winning session in 10 years, rising 0.3% for the week. Asia-Pacific markets traded mixed on Monday. Japan’s Nikkei stock average rose even as data showed the country’s economy contracted more than expected in the third quarter.

Netflix to acquire Warner Bros. Discovery’s movie and streaming business. The deal has a total stock value of $72 billion, the companies announced Friday. However, the deal could run into regulatory hurdles.

China’s exports are growing faster than expected. In US dollar terms, shipments rose 5.9% year-on-year in November, exceeding the 3.8% growth forecast in a Reuters poll and returning to growth after dropping 1.1% in October. However, exports to the US decreased by 28.6%.

Ukraine peace deal “very close”. This is according to Keith Kellogg, the US special envoy to Ukraine, who was quoted as saying on Saturday that there are two important unresolved issues: the future of Ukraine’s Donbas region and the Zaporizhzhia nuclear power plant.

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