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Stock impact report

Trump buys $1m in Netflix and Warner Bros bonds days after saying he'll ‘be involved' in merger [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
The White House released a financial disclosure report on Friday which showed that Trump made two purchases from Netflix and two purchases from WBD, each amounting to at least $502,000. Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal. The purchase is subject to regulatory clearance and is sure to raise eyebrows given Trump has said he will be engaged in that process. “They have a very big market share,” Trump told reporters at the Kennedy Center on 7 December, two days after the deal was announced and five days before he began to purchase Netflix and WBD bonds. “When they have Warner Bros, that share goes up a lot. So, I don't know. That's going to be for some economists to tell and also – and I'll be involved in that decision too. But they have a very big market share.” The next day, Paramount Skydance launched a $108.4bn hostile takeover bid, financially backed by its chief executive offic Show less Read more
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