Group 1 - U.S. President Donald Trump purchased over $1.1 million in Netflix bonds during a bidding war with Paramount for Warner Bros Discovery [1] - The bond purchases occurred in December 2022 and January 2023, with interest rates at 5.375% and due in November 2029 [1] - Trump also acquired between $500,002 and $1 million in Warner Bros bonds, which have appreciated in value since purchase [1] Group 2 - The bidding war for Warner Bros Discovery involved Paramount's $110 billion offer, backed by $39 billion in new debt from major banks [1] - Netflix's stock was pressured by Trump's public comments questioning the merger's viability and potential antitrust issues [1] - Trump's investments are managed by a trust run by his children, exempting him from conflict-of-interest laws [1]
Trump bought Netflix and Warner Bros bonds at height of bidding war with Paramount