Trump Bought $1.1M–$2.25M of Netflix Bonds During Warner Bros Bid Criticism
U.S. President Donald Trump purchased between $1.1 million and $2.25 million of Netflix 5.375% bonds maturing in November 2029 across four trades between December 12 and January 20. Bond prices remained around $1.03–$1.04 on the dollar, while Trump publicly criticized Netflix’s Warner Bros merger bid.
1. Trump’s Netflix Bond Purchases
Donald Trump executed four bond trades between December 12 and January 20, acquiring more than $500,000 in December and over $600,000 in January, for a total disclosed range of $1.1 million to $2.25 million in Netflix 5.375% bonds due November 2029.
2. Performance of Netflix Bonds
The purchased bonds traded at approximately $1.03 to $1.04 on the dollar throughout the transaction dates and have remained near those levels, reflecting market views on Netflix’s debt load and merger prospects.
3. Conflict-of-Interest Exemption
Presidential assets are managed in a trust overseen by Trump’s children, exempting him from standard conflict-of-interest laws, and there is no requirement for him to divest holdings even when public statements impact the company’s regulatory environment.
4. Context of Warner Bros Acquisition Bid
Netflix’s unsuccessful bid to acquire Warner Bros Discovery from Paramount Skydance involved scrutiny over antitrust risks and board composition, and Trump’s public criticism raised questions about the deal’s regulatory viability.