{"id":1725,"date":"2025-12-08T17:30:38","date_gmt":"2025-12-08T17:30:38","guid":{"rendered":"https:\/\/microvibenews.com\/?p=1725"},"modified":"2025-12-08T17:30:38","modified_gmt":"2025-12-08T17:30:38","slug":"paramount-launches-wbd-hostile-bid-that-includes-trump-son-in-law-jared-kushner","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=1725","title":{"rendered":"Paramount launches WBD hostile bid that includes Trump son-in-law Jared Kushner"},"content":{"rendered":"

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In a separate regulatory filing, Paramount disclosed that Affinity Partners, the private equity firm led by Jared Kushner, is part of the bid. It added that sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar are also participating.<\/p>\n

Affinity and the other outside financing partners have agreed to forgo any governance rights, which Paramount said means the Committee on Foreign Investment in the United States would have no jurisdiction over the transaction. Meanwhile, Chinese tech conglomerate Tencent is no longer a partner. <\/p>\n

The offer comes after Paramount lost out in the bidding war for the assets last week to Netflix, which made a cash-and-stock deal worth $27.75 per share. Paramount\u2019s proposed transaction is for the entirety of WBD, including the Global Networks segment, while Netflix\u2019s deal is for the studio and HBO Max.<\/p>\n

Paramount argued its offer to WBD shareholders provides a superior alternative to the Netflix transaction, which offers \u201cinferior and uncertain value and exposes WBD shareholders to a protracted multi-jurisdictional regulatory clearance process with an uncertain outcome,\u201d referring to the likely antitrust concerns for Netflix\u2019s megadeal.<\/p>\n

At the Kennedy Center over the weekend, President Donald Trump partially confirmed reporting from Bloomberg\u2019s Lucas Shaw about his private conversations with Netflix co-CEO Ted Sarandos, saying they had met in the Oval Office before Netflix announced its winning bid, while adding that its combined market share with WBD could be an antitrust concern. <\/p>\n

Paramount argued that WBD\u2019s recommendation of the Netflix offer is based on an \u201cillusory prospective valuation of Global Networks that is unsupported by the business fundamentals\u201d and encumbered by high levels of financial leverage assigned to the entity. Netflix\u2019s offer would assume $11 billion of debt and involve a $59 billion bridge loan, which Bloomberg reported was among the highest ever.<\/p>\n

David Ellison, chairman and CEO of Paramount, said: \u201cWBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company.\u201d<\/p>\n

Paramount, which earlier sent a letter to WBD CEO David Zaslav complaining of a \u201ctainted\u201d sale process, further asserted today that although Paramount made six offers for WBD over 12 weeks, \u201cWBD never engaged meaningfully with these proposals, which we believe deliver the best outcome for WBD shareholders.<\/p>\n

\u201cWe believe our offer will create a stronger Hollywood. It is in the best interests of the creative community, consumers, and the movie theater industry. We believe they will benefit from the enhanced competition, higher content spend and theatrical release output, and a greater number of movies in theaters as a result of our proposed transaction,\u201d Ellison continued. \u201cWe look forward to working to expeditiously deliver this opportunity so that all stakeholders can begin to capitalize on the benefits of the combined company.\u201d<\/p>\n

Paramount\u2019s tender offer is scheduled to expire at 5 p.m. ET on Jan. 8, 2026. The company said its offer will be financed by new equity backstopped by Paramount\u2019s well-capitalized principal equity holders, and $54 billion of debt commitments from Bank of America, Citi, and Apollo.<\/p>\n

Centerview Partners and RedBird Advisors are acting as lead financial advisors to Paramount, and Bank of America Securities, Citi, and M. Klein & Co. are also acting as financial advisors. Cravath Swaine & Moore and Latham & Watkins are acting as legal counsel to Paramount.<\/p>\n

Disclosure: The author worked at Netflix from June 2024 through July 2025.<\/em><\/p>\n<\/div>\n

#Paramount #launches #WBD #hostile #bid #includes #Trump #soninlaw #Jared #Kushner<\/p>\n","protected":false},"excerpt":{"rendered":"

In a separate regulatory filin… <\/p>\n","protected":false},"author":1,"featured_media":1726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1680,1679,1681,1683,1684,61,576,461,580,1649,1682,599,577,1650],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/1725"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1725"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/1725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/1726"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}