{"id":4279,"date":"2025-12-16T23:16:33","date_gmt":"2025-12-16T23:16:33","guid":{"rendered":"https:\/\/microvibenews.com\/?p=4279"},"modified":"2025-12-16T23:16:33","modified_gmt":"2025-12-16T23:16:33","slug":"kushners-affinity-withdraws-from-warner-bros-takeover-battle","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=4279","title":{"rendered":"Kushner\u2019s Affinity withdraws from Warner Bros. takeover battle"},"content":{"rendered":"

<\/p>\n

Jared Kushner\u2019s Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc. <\/p>\n

The private equity firm this month emerged as a participant in Paramount Skydance Corp.\u2019s 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.\u2019s agreed $82.7 billion deal for Warner Bros.<\/p>\n

Affinity was helping to finance Paramount\u2019s 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.<\/p>\n

\u201cWith??two??strong competitors??vying to secure??the future??of this??unique American??asset,??Affinity??has??decided no longer to pursue??the opportunity,\u201d the firm said. \u201cWe??continue to??believe??there is a strong strategic rationale for Paramount\u2019s offer.\u201d<\/p>\n

Warner Bros. is planning to reject Paramount\u2019s offer due to concerns about financing and other terms, people familiar with the matter said Tuesday. Affinity\u2019s investment in the bid is about $200 million in equity, Bloomberg News has reported. <\/p>\n

The battle for Warner Bros. stands to reshape the entertainment industry regardless of which bidder emerges victorious. With the company\u2019s films and TV shows, Netflix would wield tremendous new power over the content offered to online audiences. Paramount, meanwhile, aims to marry two legacy Hollywood studios to counter the influence of Netflix, Walt Disney Co. and Amazon.com Inc.<\/p>\n

Both bids raise significant antitrust concerns \u2014 something underscored by multibillion-dollar breakup fees the parties have offered. Netflix and Paramount have each been laying the groundwork to win over the White House, with US President Donald Trump having indicated he will weigh in on the approval process for a sale of Warner Bros. Kushner is Trump\u2019s son-in-law.<\/p>\n

Paramount\u2019s offer is being bankrolled by a list of influential Middle Eastern investors, including Saudi Arabia\u2019s Public Investment Fund and the Qatar Investment Authority, as well as a little-known group from Abu Dhabi called L\u2019imad Holding Co. Kushner has strong ties to the Middle East. He founded Affinity in 2021 with funding from sovereign wealth funds from the region. <\/p>\n

This week, Bloomberg News reported that Affinity dropped plans for a hotel in Serbia after tensions around the project culminated in the indictment of a government official who helped clear a path for its development.<\/p>\n

This story was originally featured on Fortune.com<\/p>\n

#Kushners #Affinity #withdraws #Warner #Bros #takeover #battle<\/p>\n","protected":false},"excerpt":{"rendered":"

Jared Kushner\u2019s Affinity Partn… <\/p>\n","protected":false},"author":1,"featured_media":4280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[4096,1918,458,1757,4095,576,1649,833,457,577,1532],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4279"}],"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=4279"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/4280"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}