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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69 Articles
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 ...
Warner Bros Rejects Paramount Offer as POTUS Pulls Support: But Behind the Scenes, Far More Is Happening
Jared Kushner’s Affinity Partners exited its role as a financial backer of Paramount Skydance’s aggressive bid for Warner Bros. Discovery. The news landed on the same info cycle as renewed public criticism from President Donald Trump aimed at Paramount’s new Ellison-led ownership orbit: an overlap that reads less like coincidence and more like a pressure point in a rapidly politicizing megadeal environment. The post Warner Bros Rejects Paramount…
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