The close circle of US President Donald Trump also participates in the purchase competition for the entertainment company Warner

Entertainment company The president of the United States also participates in the buying competition for Warner Donald Trump’s close circle.

Competing companies Netflix and Paramount made the offers Warner Bros. from Discovery (WBD). The winner of the bidding competition becomes one of the world’s biggest media junks.

The background of the latter buyer candidate, Paramount, has names familiar to Trump.

Paramountin the CEO is David Ellison. His father, a software billionaire Larry Ellison is Trump’s friend. Trump’s son-in-law has also been putting together an offer Jared Kushner.

Several financial media highlighted the connections from the beginning of the week.

“If conflicts of interest were taught in a business school, this would be a model example,” said the president of Value Edge Advisors, which offers investment advice Nell Minow news agency Reuters.

Mediajätti Netflix said on Friday that it will buy Key components of WBD. The purchase offer is about $28 per share, for a total of $72 billion.

However, Paramount beckoned by offering $30 per share, i.e. more than $108 billion.

In its offer, Netflix picked the raisins from the bun, like the streaming service HBO. Paramount, on the other hand, is ready to acquire the company in its entirety.

Paramount’s offer is described as hostile: it did not negotiate with WBD’s management, but instead threw a mountain of dollars directly at the shareholders for consideration.

Paramount had approached WBD several times before its public offering, but was left licking its fingers each time.

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“If conflicts of interest were taught at a business school, this would be a model example.”

Paramountin the offer consists of capital and a loan.

Ellison’s family and the New York investment company Redbird guarantee the capital of 40.7 billion dollars. A loan of 54 billion dollars will be taken.

The total amount of the offer rises to more than one hundred billion, when taking into account the debts of WBD that remain the responsibility of the buyer. The details emerge from the submission to the securities authority of the document.

Investment companies from Saudi Arabia, Qatar and Abu Dhabi and Jared Kushner’s company participate in the pot. The president’s son-in-law has networked with wealthy Arab countries. He participated in autumn with the Saudis to buy the game company EA.

President Trump is skeptical of Netflix’s offer.

Netflix would grow bigger in terms of revenue than Disney or YouTube. That would capture just under a third of the entire US streaming market.

“That’s a big market share. That could be a problem,” Trump commented to Bloomberg.

He has hinted that he will intervene in the trade, but there is no information about more detailed actions. Trump has said that he has not discussed the matter with his son-in-law, who left Paramount.

Regardless of who the buyer is, the deal ends up being blamed by US trade authorities.

On Netflix has two managing directors. One of them lived Ted Sarandos said Monday that Paramount’s buying spree was “totally expected.”

“We are super confident that [meidän] our deal will go through,” he commented entertainment media according to Variety.

The deal should take place after the middle of next year.

It is feared that it will lead to the concentration of the entertainment industry and to the rise in the prices of services.