US EditionPublished • loading... • Updated
Kushner's Affinity Partners Exits Paramount Bid for Warner Bros. Discovery
Affinity Partners exited Paramount Skydance's $30/share Warner Bros. acquisition bid due to U.S. national security concerns linked to foreign sovereign wealth fund backing.
- On Tuesday, Affinity Partners, the investment firm founded by Jared Kushner, withdrew from Paramount Skydance's $108.4 billion hostile bid for Warner Bros. Discovery.
- Paramount's financing structure involved foreign funds, including Saudi Arabia's Public Investment Fund, Qatar Investment Authority, and Abu Dhabi sovereign wealth fund, which agreed to forgo governance rights, an SEC filing said last week.
- The bid was for $30 per share, valuing the deal at $108.4 billion, while Netflix's $82.7 billion agreement for parts of Warner Bros. offers a rival path; Paramount Skydance's tender offer expires on Jan. 8, 2026.
- Warner Bros. Discovery's board is reviewing the $30-per-share offer and is expected to reject it, while it remains unclear whether the Ellison family trust will return with a higher bid or if Netflix will counter.
- Affinity's Kushner tie intensified scrutiny as Jared Kushner, Founder & CEO of Affinity Partners and Ivanka Trump's husband, drew warnings from Rep. Ayanna Pressley, Massachusetts, while President Donald Trump vowed involvement.
Insights by Ground AI
15 Articles
15 Articles
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?
·Germany
Read Full Article
Trump clan distances itself from Ellisons and Paramount
The NewsIn back-to-back salvos Tuesday, the President and his family distanced themselves from Paramount’s hostile bid for Warner Bros. Discovery — a rebuke to owner David Ellison’s attempt to leverage relationships with the White House to close the $108 billion takeover effort.President Trump Tuesday afternoon said he had been “treated [...] far worse” by the Ellison-owned CBS since the family closed on a deal for CBS parent Paramount. “If they…
·New York, United States
Read Full Article
Coverage Details
Total News Sources15
Leaning Left5Leaning Right1Center2Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 25%
12%
Factuality
To view factuality data please Upgrade to Premium
