Jared Kushner's Affinity Partners pulls out of Paramount's bid for Warner Bros. Discovery

Jared Kushner’s private equity firm, Affinity Partners, is reportedly pulling out as a partner of Paramount Skydance’s attempted hostile takeover of Warner Bros. Discovery, whose board unanimously urged shareholders to reject the $78 billion bid from the Ellison family early on Wednesday morning.Affinity withdrew its backing of Paramount’s proposal after Kushner’s involvement in a deal that his father-in-law, President Trump, said he would personally review drew a significant amount of unwanted scrutiny, so ...