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.
53 Articles
53 Articles
Kushner Pulls Out of Bidding War for Warner Bros.
A private equity firm owned by President Trump's son-in-law, Jared Kushner, is no longer backing Paramount's hostile acquisition bid for Warner Bros. Discovery, the firm confirmed Tuesday. Kushner's decision to pull his firm's financial backing takes away a possible Paramount advantage to win over Trump, the AP reports. The amount...
Trump's son-in-law Jared Kushner has withdrawn from the bidder battle for the Hollywood company Warner Brothers. The Warner Board of Directors apparently wants to recommend its shareholders to reject the Paramount offer.
Affinity Partners, the fund of Jared Kushner, son-in-law of U.S. President Donald Trump, has withdrawn from Paramount's offer about Warner, assures the digital Axios. This information coincides with that of The Wall Street Journal (WSJ) according to which Warner Bros. Discovery (WBD) will recommend to its shareholders to reject Paramount's $30-per-action offer, and support instead the existing agreement with the Netflix platform.Continue reading…
In the bid competition for the Hollywood company Warner Bros. Discovery, Jared Kushner supported Paramount so far, but now Donald Trump's son-in-law withdraws. What does that mean for the future of CNN?
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