Trump bought Netflix and Warner Bros bonds right as the Warner Bros takeover battle entered its hottest phase
๐ Ethics disclosure filings show that Donald Trump bought more than $1.1 million in Netflix bonds between December 12, 2025 and January 20, 2026, while also purchasing another $500,002 to $1 million in Warner Bros Discovery bonds on December 12 and December 16, 2025.
๐ These trades took place while Netflix was still competing with Paramount Skydance for Warner Bros, and while Trump himself was publicly raising concerns about the market concentration risks tied to the deal. By February 27, Paramount finalized the roughly $110 billion transaction after Netflix withdrew.
๐ก In market terms, Netflix bonds stayed mostly flat around $1.03โ$1.04 per dollar of face value, while Warner Bros bonds climbed from around 91โ92 cents to roughly 95 cents, suggesting a paper gain if the position is still being held.
โ ๏ธ The White House said Trumpโs assets are held in a trust managed by his children and that there is no conflict of interest, but the story still draws attention because it highlights a sensitive intersection between political power, media M&A, and bond market capital flows.
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