{"id":40946,"date":"2025-12-17T03:41:39","date_gmt":"2025-12-17T03:41:39","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/jared-kushners-affinity-is-stepping-away-from-the-paramount-warner-bros-bid\/"},"modified":"2025-12-17T03:41:39","modified_gmt":"2025-12-17T03:41:39","slug":"jared-kushners-affinity-is-stepping-away-from-the-paramount-warner-bros-bid","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/jared-kushners-affinity-is-stepping-away-from-the-paramount-warner-bros-bid\/","title":{"rendered":"Jared Kushner&#8217;s Affinity is stepping away from the Paramount-Warner Bros. bid"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6942077e832e0ef1ead658a3?format=jpeg\" alt=\"In this pool photograph distributed by the Russian state agency Sputnik, US special envoy Steve Witkoff and US President Donald Trump&#039;s son-in-law Jared Kushner attend a meeting with Russia&#039;s President at the Kremlin in Moscow on December 2, 2025.\"\/><figcaption>Jared Kushner&#039;s private equity firm is stepping away from the Paramount bid for WBD.<\/p>\n<p>Kristina Kormilitsyna \/ POOL \/ AFP via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Jared Kushner&#039;s Affinity Partners is stepping away from Paramount&#039;s bid for Warner Bros. Discovery.<\/li>\n<li>The private equity firm was previously part of the financing group for the $108 billion bid.<\/li>\n<li>It&#039;s the latest development in the media war among Paramount Skydance, Netflix, and WBD.<\/li>\n<\/ul>\n<p>Jared Kushner is walking away from Paramount&#039;s bid for Warner Bros. Discovery.<\/p>\n<p>Affinity Partners, a Florida-based private equity firm founded by President Donald Trump&#039;s son-in-law, will not participate in financing Paramount&#039;s $108 billion bid for WBD, a person close to the matter told Business Insider. The person said Affinity was expected to invest $200 million, a relatively small amount of the total bid.<\/p>\n<p>In a statement to various news outlets, an Affinity spokesperson confirmed the end of the firm&#039;s participation.<\/p>\n<p>&quot;The dynamics\u2004of the investment have changed significantly\u2004since we initially became\u2004involved\u2004in October. We\u2004continue to\u2004believe\u2004there is a strong strategic rationale for Paramount&#039;s offer,&quot; the spokesperson said.<\/p>\n<p>Affinity did not respond to Business Insider&#039;s requests for comment.<\/p>\n<p>Affinity and Jared Kushner were identified as a financing partner in Paramount&#039;s 367-page SEC filing on December 8, in which it made the bid for WBD. Its other external financing partners include wealth funds from Saudi Arabia, Qatar, and Abu Dhabi.<\/p>\n<p>Kushner&#039;s father-in-law&#039;s presence looms large in the deal. President Donald Trump, who said he would be involved, has long-standing ties to David Ellison&#039;s father, Oracle billionaire Larry Ellison, who is backing the Paramount bid.<\/p>\n<p>While Trump publicly praised Netflix and its co-CEO, Ted Sarandos, the president also said that a combo of Netflix and WBD &quot;could be a problem&quot; due to the size.<\/p>\n<p>Kushner&#039;s exit is the latest development in the media war among Paramount Skydance, Netflix, and WBD.<\/p>\n<p>On December 5, Netflix announced that it would acquire WBD for an equity value of $72 billion. The streaming giant edged out other bidders, like Paramount and Comcast.<\/p>\n<p>Days later, Paramount launched a hostile bid of $30 per share for all of WBD, with CEO David Ellison urging WBD&#039;s shareholders to tender their shares and switch teams from Netflix to Paramount.<\/p>\n<p>He wrote a letter to the shareholders on December 10, criticizing WBD&#039;s advisors for not giving Paramount&#039;s offer the same treatment as Netflix&#039;s. He described the sales process as &quot;opaque.&quot;<\/p>\n<p>Paramount&#039;s stock price is down more than 5% over the past five days but up 32% since the start of the year. WBD&#039;s stock price is up about 170% since the start of the year.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jared Kushner&#039;s private equity firm is stepping away from the Paramount bid for WBD. Kristina Kormilitsyna \/ POOL \/ AFP via Getty Images Jared Kushner&#039;s Affinity Partners is stepping away from Paramount&#039;s bid for Warner Bros. Discovery. The private equity firm was previously part of the financing group for the $108 billion bid. It&#039;s the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-40946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/40946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=40946"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/40946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/40947"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=40946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=40946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=40946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}