Neil Fryman

But last night, Trump was hosting the Kennedy Center Honors.

He was asked about this deal on the red carpet.

He said the takeover, quote, could be a problem because of the size of market share.

So it seems like he's waffling.

But in the end, it's not necessarily up to him.

He could probably put his thumb on the scale because he is the president of the United States and an especially active one in the private markets.

It will come down to the DOJ, which does review all of these mergers.

And then besides the antitrust scrutiny,

This deal has an uphill climb because of those other bidders that were offering submissions for WBD, Paramount and Comcast.

They could launch what's called a hostile bid where they go over the top of the board and appeal directly to shareholders.

And they already Paramount.

already gave a signal that it would maybe do that because over the last week, while Netflix was circling this particular deal, Paramount released a letter calling the process rigged and saying that the board always had it in the bank for Netflix so they could say, hey, shareholders,

We're giving you more money.

This is a raw deal that Netflix is giving you and try to persuade them that way.

So this thing is juicy.

It's just getting started.

But for Netflix, wow, like this is a sign that Silicon Valley has taken over Hollywood.

Netflix is constantly reinventing itself, breaking its own rules and said it would never do ads.

It recently launched an ad here.

It said it would never do sports.