Donald Trump bought Netflix bonds when the fate of the TVN owner was hanging in the balance
The information that Donald Trump bought Netflix bonds in the last three months was confirmed by the White House. The transactions were completed on December 12 and 16 and on January 2 and 20. According to the official announcement, the purchase value ranged from USD 1.1 million (approx. PLN 4 million) to USD 2.25 million. (approx. PLN 8.3 million).
At the same time, US President Donald Trump and his officials questioned the possibility of taking over Warner Bros. Discovery by Netflix, indicating that the transaction may be blocked by antitrust laws. The American administration also pressed the company to fire board member Susan Rice, a former assistant to Barack Obama, reports Reuters.
- Read also: A decision has been made regarding the owner of TVN. The contract was signed
Donald Trump bought bonds at the peak
It is unclear whether the US president made or lost money on the Netflix bonds, which bear an interest rate of 5.375% and mature in November 2029. Donald Trump, like all US presidents, is exempt from the provisions of the Conflict of Interest Act, which prohibits executive branch officials from investing in companies that do business with the government.
— President Trump's estate is held in a trust managed by his children. There is no conflict of interest, White House spokeswoman Anna Kelly said.
At the time of purchase on December 12 and 16, Netflix's bonds were trading at $1.03 and $1.04, respectively. On January 2 and 20, they stood at $1.04 and $1.03, respectively. – indicates LSEG.
On February 26, the day before Netflix withdrew its offer to acquire Warner Bros. Discovery, the bond was trading at $1.04 and returned to $1.03 last Friday.
- Read also: New purchase offer from the owner of TVN. The board is considering the proposal
Paramount Skydance buys Warner Bros. Discovery
On February 27, Paramount Skydance signed an agreement to purchase Warner Bros. Discovery, owner of, among others, TVN group. The transaction is worth USD 110 billion, and the value of the acquired company's assets was estimated at USD 81 billion, including debt. The funds for the takeover are to come from, among others: from Larry Ellison, owner of Oracle and father of Paramount CEO David Ellison, as well as funds from Saudi Arabia and the United Arab Emirates.
The new owner of TVN declared that he wants to generate USD 69 billion in 2026. revenues and PLN 16 billion in EBITDA. The acquisition of Warner Bros. Discovery by Paramount is expected to be finalized by the end of September 2026. Revenue growth is expected to be driven primarily by the streaming and film studio segments.
- Read also: The new owner of TVN revealed its plans. There will be declines in this segment
