The success of a Netflix>WBD acquisition would consolidate a third of US streaming markets under one roof, which should receive anti-trust scrutiny. Despite this, there is still a strong appearance of conflict of interest in Trump’s public remarks regarding denying Netflix acquisition the necessary regulatory approval, in conjunction with his son-in-law Jared Kushner being one of the financial backers for Paramount’s cash bid.

(1)https://www.cnbc.com/2025/12/08/trump-netflix-wbd-paramount.... (2)https://www.techradar.com/streaming/netflix/trump-says-the-b...

My guess is that if it went to trial Netflix would win tbh. That’s why Paramount is having to raise its bid substantially, they can’t rely on getting Trump to serve WB up on a platter.