Kushner’s Affinity Withdraws From WBD Takeover Battle
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Jared Kushner's Affinity Partners has withdrawn from the takeover battle for Warner Bros. Discovery Inc. due to changing investment dynamics, allowing Warner Bros. to potentially reject a hostile takeover bid from Paramount Skydance Corp.
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Felix Gillette, Bloomberg Media and Entertainment Editor reports on the news Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. This comes as, Jared Kushner’s Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc. The private equity firm this month emerged as a participant in Paramount Skydance Corp.’s hostile bid for Warner Bros., which valued the media and entertainment company at $108.4 billion including debt. Paramount is seeking to scupper Netflix Inc.’s agreed $82.7 billion deal for Warner Bros. Affinity was helping to finance Paramount’s move. It now believes the dynamics of an investment have changed since it became involved in the process in October, a representative for the firm said. (Source: Bloomberg)
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المقال الأصلي منشور بواسطة Bloomberg في 17 ديسمبر 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.