"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 officer, David Ellison, and his father, the billionaire tech mogul Larry Ellison. Both men are friendly with the Trump administration. The Netflix-WBD deal has faced backlash from US politicians, with US senator Elizabeth Warren of Massachusetts calling it an anti-monopoly nightmare in a statement shortly after the announcement."
"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."
A White House financial disclosure lists two purchases of Netflix bonds and two purchases of Warner Bros Discovery bonds, each transaction at least $502,000, made on 12 and 16 December. The purchases occurred a week after Netflix agreed to buy WDB in an $82.7bn deal and days after Trump said he would be involved in the merger's regulatory review. Paramount Skydance launched a $108.4bn hostile takeover bid backed by David and Larry Ellison. The Netflix-WBD deal has drawn criticism from Senator Elizabeth Warren and the Writers Guild of America over antitrust, jobs, wages, consumer prices, and content diversity. Trump also bought about $100m in municipal and corporate bonds from mid-November to late December.
Read at www.theguardian.com
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