US President Donald Trump arrives in Miami, Florida, USA on March 7, 2026.
Kevin Lamarque | Reuters
President Donald Trump bought more than $1.1 million. Netflix Bonds have deepened over the past three months as the streaming giants have lost their battle paramount skydance buy warner bros discoveraccording to government disclosures.
Trump bought more than $500,000 in Netflix bonds in two transactions on Dec. 12 and Dec. 16, and more than $600,000 in two more transactions on Jan. 2 and 20, according to disclosures. The White House did not give an exact amount, but said it ranged from just over $1.1 million to $2.25 million.
The deal comes as the Republican president and his regulators blasted Netflix in the press, questioned whether the deal could withstand antitrust scrutiny and pressured the company to fire board member Susan Rice, a close ally of former Democratic President Barack Obama.
The filing doesn’t disclose whether or when he sold the bonds, so it’s unclear whether he made a profit or lost money on Netflix’s bonds, which carry a 5.375% interest rate and mature in November 2029.
Trump, like other U.S. presidents, is exempt from conflict of interest laws that prohibit other executive branch officials from investing in companies that do business with the government. He is believed to have purchased the bonds through a trust controlled by his children.
“President Trump’s assets are in a trust managed by his children,” White House press secretary Anna Kelly said in a statement. “There is no conflict of interest.”
The deal leaves the combined company with about $85 billion in debt, immediately putting pressure on Netflix’s debt. His purchases on Dec. 12 and 16 traded at $1.03 and $1.04, and his second purchases on Jan. 2 and 20 traded at $1.04 and $1.03, according to data compiled by LSEG.
On February 26, the day before Netflix withdrew its bid for Warner Bros., it was trading at $1.04 to the dollar, but as of Friday it had returned to $1.03.
President Trump also purchased between $500,020 and $1 million in Warner Bros. bonds in two transactions on Dec. 12 and Dec. 16, which were trading at 91.75 cents and 92 cents on the dollar and are now worth 95 cents on the dollar. If he held those bonds, he would have the money now.
Days after the Dec. 5 announcement, President Trump cast doubt on the feasibility of a merger with Netflix, telling reporters that concentration of market power “could be an issue.”
Paramount, which is owned by the son of Trump ally and Republican mega-donor Larry Ellison, disclosed the hostile takeover on December 8, setting off a bidding war between the two companies. Mr. Ellison personally guaranteed more than $40 billion, backed by his stock holdings. oracle To close the deal.
Netflix withdrew its bid after Paramount made a winning offer of $110 billion about two weeks ago. The Paramount deal will be backed by $39 billion in new debt from Bank of America, Citigroup and Apollo, according to a Feb. 27 announcement from the companies.
The U.S. Office of Government Ethics’ latest disclosure, dated February 27, was posted online last week.
Trump, a real estate investor, has reported assets of more than $1 billion in preliminary filings. He maintains business interests that span cryptocurrencies, golf clubs, and other licensing deals. President Trump’s investments in companies overseen by his administration could raise ethical concerns.
