US EditionJared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery
Affinity Partners withdrew from the $108.4 billion Paramount bid due to changed investment dynamics and competition with Netflix, despite $200 million equity involvement, a spokesperson said.
- On Tuesday, Affinity Partners confirmed it withdrew its backing from Paramount Skydance's $108.4 billion hostile bid for Warner Bros. Discovery, citing changed investment dynamics.
- An Affinity spokesperson said 'the dynamics of the investment have changed significantly since we initially became involved in October', due to increased competition from two strong rivals.
- Paramount launched the $30 offer with Affinity's reported about $200 million commitment, alongside $1 billion from Tencent and $24 billion from three Gulf sovereign wealth funds and the Ellison family trust backstop.
- Warner Bros. Discovery's board is expected to recommend rejection, and Paramount's tender remains active, set to expire on Jan. 8, 2026, unless extended.
- Both bids raise significant antitrust and national-security questions that would draw DOJ review, while Jared Kushner's ties to President Donald Trump and Gulf sovereign wealth funds sparked political scrutiny last week.
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70 Articles
Everything indicates that Paramount has been left alone in its intention to buy Warner Bros., following the announcement of Jard Kushner's departure from the equation.Since Jard Kushner was one of Paramount's main supporters in purchasing Warner Bros., this through Affinity Partners, Donald Trump's son-in-law's investment fund. Jared Kushner decided not to go ahead with Paramount and his attempt to buy Warner Bros.According to an Affinity Partne…
Warner wants to stay on the sale to Netflix and raises doubts about the financing of the Paramount offer by the Ellison family. Meanwhile Donald Trump's son-in-law withdraws from the bidding battle.
Jared Kushner’s Affinity Partners pulls out of Paramount’s bid for Warner Bros. Discovery
A private equity firm owned by President Donald Trump’s son-in-law, Jared Kushner, is no longer backing Paramount’s hostile acquisition bid for Warner Bros. Discovery, the firm confirmed Tuesday.Days after Warner agreed to be bought by Netflix in early December, Paramount launched a rival ...
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