Jared Kushner's Affinity is stepping away from the Paramount-Warner Bros. bid

Kushner's father-in-law's presence looms large in the deal. President Donald Trump, who said he would be involved, has long-standing ties to David Ellison's father, Oracle billionaire Larry Ellison, who is backing the Paramount bid. Jared Kushner is walking away from Paramount's bid for Warner Bros. Discovery. Affinity Partners, a Florida-based private equity firm founded by President Donald Trump's son-in-law, will not participate in financing Paramount's $108 billion bid for WBD, a person close to the mat ...