The $72 billion deal would combine the world’s No. 1 streaming player with the No. 4 service HBO Max, which has raised red flags from antitrust regulators.

Paramount Skydance, whose CEO David Ellison is friendly with the Trump administration, wanted to buy WBD outright, making several bids for its full portfolio.

Critics say the deal would create less competition in Hollywood and limit choice for consumers.

The $72 billion deal would combine the world’s No. 1 streaming player with the No. 4 service HBO Max, which has raised red flags from antitrust regulators.

The battle to buy Warner Bros Discovery, has captured Donald Trump’s attention. The US President has declared he’ll be involved in the decision on the company’s sale, as both…