US President Donald Trump said Wednesday he will not involve himself in the ongoing battle between Netflix and Paramount Skydance over the proposed acquisition of Warner Bros. Discovery, reversing his earlier statements suggesting he might weigh in.

"I haven't been involved," Trump told NBC News. "I must say, I guess I'm considered to be a very strong president. I've been called by both sides. It's the two sides, but I've decided I shouldn't be involved. The Justice Department will handle it."

According to Reuters, the conflict centers on Netflix's $82.7 billion bid to acquire Warner Bros. Discovery, including its film studios, HBO, and the HBO Max streaming service.

Paramount Skydance is pursuing a competing, hostile offer, citing a potentially........

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