Jared Kushner, the founder of Affinity Partners, was seen as a pivotal figure in helping Paramount clinch the takeover of Warner Bros. Discovery - Fabian Sommer/dpa via AP Jared Kushner has withdrawn from the $100bn (£75bn) bid battle to buy Warner Bros. Discovery (WBD). Mr Kushner’s private equity firm, Affinity Partners, on Tuesday said it would no longer be backing a hostile takeover offer for Warner Bros by Paramount, the Hollywood studio owned by the billionaire Ellison family. Miami-headquartered ...

Group 1 - Affinity Partners, founded by Jared Kushner, has decided to withdraw from the group of investors supporting Paramount's hostile takeover bid for Warner Bros. Discovery [1][2] - Paramount's bid is valued at $108.4 billion for the entirety of Warner Bros. Discovery [5] - The bid is supported by the Ellison family and RedBird Capital, with other investors including Saudi Arabia's Public Investment Fund and the Qatar Investment Authority [3] Group 2 - Affinity Partners stated that despite their exit, they believe there is a strong strategic rationale for Paramount's offer [2] - Warner Bros. Discovery has already entered into a deal with Netflix for the acquisition of its movie and TV studio, HBO, and streaming assets, while cable channels will be spun off into a separate entity [5] - The board of Warner Bros. Discovery is currently evaluating Paramount's latest offer [5]

Core Viewpoint - Jared Kushner's Affinity Partners has decided to withdraw from the project to purchase Warner Brothers Discovery, citing significant changes in the investment dynamics since their initial involvement in October [1][2]. Group 1: Company Actions - Affinity Partners, a private equity firm associated with Jared Kushner, has officially exited the bidding for Warner Brothers Discovery, which was previously considered alongside a Paramount offer [1][2]. - A spokesperson from Infinity Partners indicated that the firm believes there is still a strong strategic rationale for Paramount's offer despite their withdrawal [2]. Group 2: Market Dynamics - The term "dynamics" in the statement from Affinity Partners suggests that the competitive landscape and investment conditions have shifted considerably, although specific details were not disclosed [2][3]. - The implications of this withdrawal may affect the likelihood of Paramount's success in acquiring Warner Brothers Discovery, prompting speculation among market analysts [3].

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 ...