Netflix, Warner Bros bonds among $100 million purchased by Trump
Trump acquired up to $1 million in Netflix and Warner Bros. Discovery bonds in December, managed by independent advisers amid the $83 billion merger announcement.
- The Jan. 14 disclosure shows President Donald Trump purchased corporate bonds from Netflix and Warner Bros. Discovery in mid-December, according to the Office of Government Ethics.
- After Netflix announced the deal on Dec. 5, Paramount Skydance, led by David Ellison, launched a hostile $108.4 billion tender offer amid shareholder and regulatory scrutiny.
- Purchase records show Trump acquired two tranches on Dec. 12 and Dec. 16, each valued between $250,001 and $500,000 for Netflix bonds and Discovery bonds .
- The disclosures highlight the purchases create an awkward financial overlap as the administration may weigh in on the merger's regulatory review, though White House officials said independent financial managers made the trades.
- Broader filings show that Trump's late-November and December debt purchases, including bonds from Netflix and Discovery Communications, are worth between $53 million and $100 million, with a 12 to 18 month closing window.
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Paramount Skydance, led by David Ellison, son of the president's ally, has also tried to buy Warner Bros.
Trump bought bonds from WB and Netflix after the acquisition was announced
Trump purchased up to $51 million in bonds at the end of 2025, including Netflix and Warner Bros. investments
President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.
US President Donald Trump's investments raise questions about a possible conflict of interest. He apparently hoards bonds from companies that he can politically influence.
Casa Blanca discovered the investment of the US President. Among 200 financial transactions made between November and December, it finds investment in Netflix and Warner Brothers.
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