New Delhi, Feb. 5 -- President Donald Trump has said he will not intervene in the intensifying battle between Netflix and Paramount Skydance over Warner Bros. Discovery, reversing comments made late last year that suggested he could personally weigh in on a deal that would reshape the global media industry.

"I haven't been involved," Trump told NBC Nightly News anchor Tom Llamas in an exclusive interview on Wednesday. "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."

Pressed on the competing arguments around the transaction, Trump acknowledged that the bidding war has become increasingly ...