donald trump
US President Donald Trump has banned Netflix and Warner Bros. Have invested at least 1 million dollars in Discovery (WBD) bonds. This investment was made at a time when a big deal was announced between the two companies, under which Netflix, Warner Bros. Is going to acquire Discovery’s studio and streaming business.
According to the financial disclosure form released by the White House on Friday, Trump bought Netflix’s debt securities (bonds) worth between $ 2.5 lakh and $ 5 lakh on two different dates on December 12 and December 16. Not only this, on the same dates he also bought the same range of bonds of Discovery Communications, which is a subsidiary of WBD. This information has come out in the report of Variety, the leading magazine of the entertainment industry.
Bought bonds of these companies
According to documents released through the US Office of Government Ethics, most of Trump’s investments have been in municipal bonds, which are issued by cities, local school districts, utility companies and hospitals. Apart from this, he has also bought bonds of many big corporate companies like SiriusXM, Boeing, General Motors, Macys, Occidental Petroleum and Whirlpool.
The meeting took place in the White House
In December, Trump also met Netflix co-CEO Ted Sarandos at the White House. During this time Warner Bros. The Discovery deal was discussed, due to which this matter came into more discussion. It is noteworthy that Trump bought the bonds just a few days after the $83 billion mega deal between Netflix and WBD was finalized. On the other hand, media company Paramount is challenging this deal. Paramount says that Netflix’s deal is weak in terms of value, timing and certainty of deal completion.
Paramount has also alleged that WBD did not fully disclose financial details, making it difficult for shareholders to understand the profits and losses. The company claims that many important questions related to this deal have still not been answered.