President Donald Trump bought at least $500,000 worth of bonds in both Netflix and Warner Bros. Discovery within the two weeks following the two companies’ deal, under which Netflix is to acquire WB’s studios and streaming businesses.
According to a financial disclosure form released Friday by the White House, Trump bought between $250,001 and $500,000 of Netflix debt securities on two separate dates, Dec. 12 and Dec. 16. He also bought the same range of bonds for Discovery Communications (a WBD subsidiary) on those same dates. The Trump financial disclosure covered transactions spanning mid-November to late December.
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