Donald Trump bought at least $1m worth of bonds in Netflix and Warner Bros Discovery (WBD), according to a financial disclosure form, days after he said would “be involved” in a proposed merger between the two companies.
The White House released a financial disclosure report on Friday which showed that Trump made two purchases from Netflix and two purchases from WBD, each amounting to at least $502,000.
Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal.
The purchase is subject to regulatory clearance and is sure to raise eyebrows given Trump has said he will be engaged in that process.
“They have a very big market share,” Trump told reporters at the Kennedy Center on 7 December, two days after the deal was announced and five days before he began to purchase Netflix and WBD bonds.
I’m.canceling my Netflix account.
Sadly the paramount nazis will be worse.
We should not be ignoring our anti trust laws and allowing any of these mergers. These big companies caving to govt pressure is case and point why they should not be allowed to own so much of a market. Interests in other areas are vulnerable to lawmakers influencing media. Perverting media.
Ya the reality is Netflix is best case scenario, saying that out loud is humbling.