Trump trust bought up to $1.25M in Netflix debt during bidding war for Warner Bros. Discovery: filings

President Trump’s trust bought as much as $1.25 million worth of Netflix bonds in January as the streamer was in a heated bidding war with Paramount Skydance for Warner Bros.Discovery, according to government filings released this week.The president bought $500,000 to $1 million worth of debt on Jan.

2 and made another purchase worth $100,000 to $250,000 on Jan.20, according to the documents, which were posted online Wednesday by the US Office of Government Ethics.The two new transactions added to the $500,000 to $1 million in Netflix bonds the president purchased in December, just after the streaming giant announced its initial bid for Warner Bros.

Discovery. The president bought at least $500,000 worth of Warner Bros.stock in December, though the company’s stock did not appear in his January filing.

Last week, Netflix CEO Ted Sarandos failed to convince skeptical Trump administration officials to approve his proposed takeover of WBD in spite of antitrust concerns – and the deal quickly fell apart from there, The Post reported.Netflix failed to hike its own offer to match David Ellison-led Paramount Skydance’s $111 billion deal and bowed out of the competition – making room for the Ellison family to acquire a behemoth media empire including CNN, CBS, HBO, Paramount and Warner Bros.After months of declines, Netflix stock has spiked about 17% since then.The White House has said that Trump’s assets are in a trust run by his children and managed by financial advisors, so there are no conflicts of interest. “President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,” White House spokesperson Anna Kelly told The Post in a statement.Trump also acquired bonds from companies like SiriusXM, General Motors, Occidental Petroleum, Victoria’s Secret, Macy’s, Carnival, Boeing a...