Jared Kushner’s private equity firm has reportedly stepped back from previous efforts to take over the entertainment giant Warner Bros Discovery, following scrutiny of his involvement.Affinity Partners emerged as a key backer of a $108.4bn hostile bid by Paramount Skydance for control of WBD. Kushner, Donald Trump’s son-in-law and adviser, set up Affinity.Paramount, controlled by the billionaire Ellison family, is attempting to sink a $82.7bn deal WBD struck to sell its storied Warner Bros movie studios, pr ...

[music] Investors are sorting through a mixed picture of updates on the labor market, but our next guest still optimistic on the road ahead for the economy and markets. Bank of America senior investment strategist Lauren Sanfalippo joins me here now to discuss. Lauren, it is good to see you.Let's start in the macro. Lauren, uh, you're all calling for real GDP growth to accelerate nominal over 5%. What gives you the confidence to make that call.>> Well, I think we'll find out more on Thursday on the inflatio ...

Well, Warner Brothers is reportedly preparing to tell its shareholders to reject the offer from Paramount Sky Dance as soon as Wednesday. This is according to a report in the Wall Street Journal. Um, and the the ideas that Warner Brothers Discover would be recommending to its shareholders as soon as tomorrow that they support the existing deal with Netflix over the proposal from Paramount Sky Dance.We've reached out to the companies for comment. We have not heard yet. Um but just looking at the shares in te ...

Michelle. Just a few minutes ago, we were talking about the potential for or not the potential, but Warner Brothers are basically urging folks to actually embrace the Netflix deal. Now we're learning that Jared Kushner and affinity partners are apparently out of the paramount skydance deal side of this deal when it comes to the financing.Yes. So it's evolving very rapidly. Lots has been happening just in the past few minutes.But what we do know so far is that affinity capital is dropping out of their effort ...

Trump can still do right by the economy, shareholders and even Hollywood. ...

Jared Kushner, Founder & CEO, Affinity Partners, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, 2025 in Miami Beach, Florida.Jared Kushner's firm Affinity Partners has dropped out of Paramount Skydance's hostile takeover bid for Warner Bros. Discovery."With ​two ​strong competitors ​vying to secure ​the future ​of this ​unique American ​asset, ​Affinity ​has ​decided no longer to pursue ​the opportunity," an Affinity spokesperson said in a statement."The dynamics ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with the global simulcast. Carol Massar Tim Stenovec.They join us from the radio room as we welcome all of our audiences across all of our platforms, including our partnership with YouTube. An interesting day in the market. But Carol, I do want to start with that breaking news that we got a little while ago.Just a few minutes ago here, Warner Brothers Discove ...

Core Viewpoint - Warner Bros. Discovery's board is expected to recommend shareholders vote against Paramount Skydance's $108.4 billion takeover bid, with a decision potentially announced as early as Wednesday [1][4]. Group 1: Takeover Bids - Paramount Skydance has made a $108.4 billion bid for Warner Bros. Discovery, which includes a $30-a-share, all-cash offer directed at Warner Bros. shareholders [5][7]. - Netflix previously made a $27 cash-and-stock bid for Warner Bros.' non-cable assets, which has been accepted [2][4]. Group 2: Financing and Regulatory Aspects - Paramount's bid is financed by $41 billion in new equity backed by the Ellison family and RedBird Capital, along with $54 billion in debt commitments from Bank of America, Citi, and Apollo [6]. - Paramount claims its offer is superior to Netflix's and would face a clearer path to regulatory approval [6]. Group 3: Strategic Implications - The winner of the bidding war will gain a significant advantage in the streaming market by acquiring a vast content library, which includes iconic films and popular series [2][4].

Leadership at Warner Bros. Discovery (NASDAQ:WBD) intends to formally advise stock owners to turn down the recent bid from Paramount Skydance Corp. (NASDAQ:PSKY) . WBD stock is moving. See the chart and price action here. The announcement, expected as early as Wednesday, will instead urge stakeholders to stick with the standing agreement established with Netflix Corp. (NASDAQ:NFLX) , according to the Wall Street Journal. Read Next: Elon Musk Prepares SpaceX IPO Valued At More Than RTX, Boeing, Lockheed Comb ...

Jared Kushner's investment firm Affinity Partners has withdrawn from the takeover battle for Warner Bros Discovery , Bloomberg News reported on Tuesday, citing a representative for the firm. ...