Trump Bought Netflix, Warner Bros. Discovery Bonds Following $83 Billion Merger Deal Announcement
In the days following the announcement of Netflix and Warner Bros. Discoverys $83 billion merger deal for the latters streaming and studio assets, President Donald Trump loaded up on corporate bonds from both companies.
A new financial disclosure from the White House, which is dated Jan. 14, reveals that Trump acquired up to $1 million worth corporate bonds issued by each company in December.
Per the filing,Trump acquired two tranches of Netflix bonds, which are set to mature in November 2029. The first purchase, valued between $250,001-$500,000, was made on Dec. 12, while the second purchase, valued between $250,001-$500,000 was made on Dec. 16.
He also acquired two tranches of Discovery Communications LLC, a subsidiary of Warner Bros. Discovery, which are set to mature in 2030. The first purchase, valued at $250,001-$500,000, was made on Dec. 12, while the second purchase, valued between $250,001-$500,000 was made on Dec. 16.
A White House spokesperson did not immediately return TheWraps request for comment.
https://www.yahoo.com/finance/news/trump-bought-netflix-warner-bros-182714591.html