Trump buys $1m in Netflix and Warner Bros bonds days after saying he’ll ‘be involved’ in merger
AI Summary
Donald Trump purchased at least $1 million in bonds from Netflix and Warner Bros Discovery (WBD) in December, shortly after expressing his intent to be "involved" in the regulatory review of Netflix's proposed $82.7 billion acquisition of WBD. The purchases, disclosed in a White House financial report, occurred between December 12th and 16th. Trump's statement about involvement in the merger review, coupled with the bond purchases, raises potential conflict of interest concerns, especially given a competing $108.4 billion takeover bid for Paramount Skydance, backed by individuals with ties to Trump. The Netflix-WBD deal has already faced criticism from politicians and the Writers Guild of America over potential anti-competitive effects and negative impacts on workers and consumers. The disclosure also revealed Trump's broader investment in municipal and corporate bonds totaling around $100 million between mid-November and late December.
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