Kushner’s Affinity Partners exits Paramount bid for Warner Bros. Discovery
Jared Kushner, Founder & CEO, Affinity Partners, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, 2025 in Miami Beach, Florida.
Joe Raedle | Getty Images
Jared Kushner’s firm Affinity Partners has dropped out of Paramount Skydance‘s hostile takeover bid for Warner Bros. Discovery.
“With two strong competitors vying to secure the future of this unique American asset, Affinity has decided no longer to pursue the opportunity,” an Affinity spokesperson said in a statement.
“The dynamics of the investment have changed significantly since we initially became involved in October,” the spokesperson said. “We continue to believe there is a strong strategic rationale for Paramount’s offer.”
Kushner is the son-in-law of President Donald Trump.
The WB water tower is seen at Warner Bros. Studios in Burbank, California on Dec. 5, 2025.
Patrick T. Fallon | AFP | Getty Images
The monetary value of Affinity’s role in Paramount’s bid was not disclosed in a filing last week with the Securities and Exchange Commission.
However, that SEC filing said that in addition to commitments from Affinity and RedBird Capital Partners, there was a a $1 billion commitment from Tencent, and an “aggregate $24 billion commitment from three sovereign wealth funds from” the Gulf states of Saudi Arabia, Qatar and Abu Dhabi.
CNBC has asked Affinity about the status of the Gulf states’ commitment in light of Affinity’s withdrawal from the bid.
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