Trump Acquired Netflix, Warner Bros Bonds Amidst Paramount Bidding War Peak
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Trump Bought Netflix, Warner Bros. Bonds Amid Bidding War, Raised Antitrust Concerns
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CNBC TV18•10-03-2026, 07:17
Trump Bought Netflix, Warner Bros. Bonds Amid Bidding War, Raised Antitrust Concerns
•Donald Trump purchased over $1.1 million in Netflix bonds and up to $1 million in Warner Bros. bonds between December and January.
•The purchases occurred during a fierce bidding war between Netflix and Paramount for Warner Bros. Discovery.
•Trump's administration publicly questioned the Netflix-Warner Bros. deal's antitrust viability and pressured Netflix regarding board member Susan Rice.
•Netflix ultimately withdrew its bid, with Paramount securing Warner Bros. Discovery for $110 billion.
•While presidents are exempt from conflict-of-interest laws, the timing of the bond purchases and his administration's actions raise ethical questions.