Donald Trump has picked up at least $1m in Netflix and Warner Bros. Discovery bonds.
A disclosure form released by the White House on Friday indicated that Trump made two Netflix purchases and two WBD purchases, each amounting to at least $502,000, the Guardian reported.
Trump purchased the bonds on Dec. 12 and Dec. 16., just over a week after Netflix, which is based in Los Gatos, opted to buy WBD in an $82.7 billion deal, the newspaper reported.
Paramount Skydance is trying to buy WBD, too. Its initial bid was rejected, and it’s now trying to forcibly take over the company.
Netflix announced Tuesday it had upgraded its proposal to an all-cash offer of $27.75 a share.
“The WBD Board continues to support and unanimously recommend our transaction, and we are confident that it will deliver the best outcome for stockholders, consumers, creators and the broader entertainment community,” said Ted Sarandos, co-CEO of Netflix, in a release.
“Our revised all-cash agreement will enable an expedited timeline to a stockholder vote and provide greater financial certainty at $27.75 per share in cash, plus the value from the planned separation of Discovery Global.
“Together, Netflix and Warner Bros. will deliver broader choice and greater value to audiences worldwide, enhancing access to world-class television and film both at home and in theaters.
“The acquisition will also significantly expand U.S. production capacity and investment in original programming, driving job creation and long-term industry growth.”
