Affinity withdrew from Paramount's Warner Bros. Discovery bid
Reporting and findings
- reported
Affinity Partners withdrew from Paramount Skydance's hostile bid for Warner Bros. Discovery after its participation drew scrutiny over the fund's foreign-government investors; AP reported that no investment amount had been disclosed.
- Associated Press: Jared Kushner pulls out of Paramount's hostile bid for Warner Bros. DiscoveryPassages on Affinity's withdrawal and the initial sovereign-fund financing consortium
Summary and current status
The withdrawal removed Kushner's foreign-backed fund from financing a bid for a major U.S. media group.
Affinity Partners no longer participating in bid financing
People and organizations
- Warner Bros. Discovery, Inc.acquisition target
- Paramount Skydance Corporationbidder
- Donald J. Trumpfather-in-law who appointed Jared Kushner as a White House senior adviser
- Jared Kushnerson-in-law, former senior adviser, and Affinity Partners founder
- Affinity Partnerswithdrawn bid-financing participant
Relationships in this file
- Affinity Partnerswithdrew from acquisition-financing consortiumParamount Skydance Corporation
- Paramount Skydance Corporationmade acquisition bidWarner Bros. Discovery, Inc.
- Donald J. Trumpson-in-law, former senior adviser, and Affinity Partners founderJared Kushner