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Trump Discloses January Purchases of Up to $1.25 Million in Netflix Bonds

The White House says independent managers make all investment decisions for his discretionary accounts.

Overview

  • A Form 278-T filing lists two Netflix bond buys on Jan. 2 and Jan. 20, totaling between $600,002 and $1.25 million.
  • Trump signed the disclosure on Feb. 26, the day Netflix withdrew from pursuing Warner Bros. Discovery, and the filing was released March 4.
  • Reporting states Netflix declined to raise its roughly $83 billion offer as Paramount’s about $111 billion bid won, with Netflix receiving a $2.8 billion breakup fee.
  • The Netflix purchases were among more than 80 corporate and municipal bond trades reported for January, including two tranches of SiriusXM debt of comparable size.
  • Prior disclosures show Trump also bought Netflix and Warner Bros. Discovery bonds in December and held a modest Netflix stock position in 2024.