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

Claims supported by this source

1. factreported

   AP reported that three Gulf sovereign funds were providing $24 billion for Paramount's Warner Bros. Discovery bid. Paramount's later preliminary proxy identified the financing partners as Saudi Arabia's Public Investment Fund, Abu Dhabi's L’Imad Holding Company PJSC, and the Qatar Investment Authority, and said they agreed to surrender governance rights; Jared Kushner's Affinity Partners later withdrew from the consortium.

   Passages on Affinity's withdrawal and the initial sovereign-fund financing consortium

   Gulf state funds supplied $24 billion of Paramount's initial WBD bid backing · Foreign fund governance rights surrendered; Affinity later withdrew

2. factreported

   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.

   Passages on Affinity's withdrawal and the initial sovereign-fund financing consortium

   Affinity withdrew from Paramount's Warner Bros. Discovery bid · Affinity Partners no longer participating in bid financing