Trump Bought Netflix, Warner Bros Discovery Bonds After Merger Plan

White House Filing Shows Trump Added Netflix, WBD Bonds in $100 Million Purchase Spree
Trump Bought Netflix, Warner Bros Discovery Bonds After Merger Plan
Written By:
Kelvin Munene
Reviewed By:
Atchutanna Subodh
Published on

US President Donald Trump disclosed about $100 million in bond purchases from mid-November to late December, according to financial filings released by the White House. 

The transactions included municipal bonds and corporate bonds, including buys tied to Netflix and Warner Bros. Discovery, soon after the companies announced a merger.

Municipal Bonds Made up Most of Trump’s Purchases

The disclosures showed the majority of the buying centered on municipal bonds. The list included debt from cities, local school districts, utilities, and hospitals.

However, Trump also purchased corporate bonds during the same period. The companies named in the filings included Boeing, Occidental Petroleum, and General Motors.

In addition, the disclosures reflected additions to Trump’s investment holdings. The mix of assets has raised questions about potential conflicts of interest.

Still, the filings also show a pattern of regular bond investing. Trump previously disclosed at least $82 million in bond purchases from late August to early October.

Netflix and Warner Bros. Discovery Bonds Bought After Merger Announcement

The filings showed Trump acquired corporate bonds issued by Netflix and debt tied to Warner Bros. Discovery, with amounts listed in ranges rather than exact figures.

The White House disclosure reported two Netflix bond purchases. One was listed at $250,001 to $500,000 on December 12, and another at $250,001 to $500,000 on December 16.

Those Netflix bonds are set to mature in November 2029. The disclosure also listed bond issues by Discovery Communications LLC, described as a subsidiary of Warner Bros. Discovery. Two tranches tied to Discovery Communications LLC were listed in the same value range. One was dated December 12, and the second was dated December 16, with maturities in 2030.

Meanwhile, the filing also listed corporate bonds issued by SiriusXM, alongside dozens of other transactions, according to The Hollywood Reporter.

Also Read: Netflix Secures $25 Billion Financing for Warner Bros. Discovery Acquisition

Regulatory Approval Looms as Rival Bid Complicates the Deal

Trump said in December that he would have a say in whether Netflix can proceed with its proposed acquisition of Warner Bros. Discovery, which would require regulatory approval.

He commented on December 7 at the Kennedy Center, referencing Netflix’s market share and saying he would be involved in the decision. A day later, Paramount Skydance launched a $108.4 billion hostile takeover bid, financially backed by Chief Executive Officer David Ellison and his father, billionaire Larry Ellison.

The Netflix-Warner Bros. Discovery deal has drawn criticism from US politicians. Senator Elizabeth Warren of Massachusetts called it “an anti-monopoly nightmare.”

The Writers Guild of America also criticized the proposal. The union said it would eliminate jobs, push down wages, worsen conditions for entertainment workers, raise prices for consumers, and reduce content diversity.

A White House official said Trump’s stock and bond portfolio is independently managed by third-party financial institutions. The official said neither Trump nor any family member can direct or influence investment decisions or trading timing.

The disclosure report was dated January 14 and listed transactions valued well over $100 million, according to The Hollywood Reporter.

The bond purchases come as the Netflix-Warner Bros. Discovery deal advances toward regulatory review while facing an active competing bid.

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