Next shoe in Netflix-WBD saga drops as Paramount launches hostile bid that includes Trump son-in-law Jared Kushner

Paramount launched a hostile bid in all cash for Warner Bros. Discovery, valued at $30 per share, the company said on Monday. In a separate regulatory filing, Paramount disclosed that Affinity Partners, the private equity firm led by Jared Kushner, is part of the bid. It added that sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar are also participating. Affinity and the other outside financing partners have agreed to forgo any governance rights, which Paramount said means the Committee on F ...