Affinity Partners Pulls Out of Warner Brothers Discovery Bid
Update: 2025-12-17
Description
Affinity Partners, founded by Jared Kushner, withdraws from Paramount Skydances $18.4 billion bid for Warner Brothers Discovery, citing changed investment dynamics. The move follows criticism over Kushners Trump ties and foreign money concerns. Meanwhile, Netflix buys Warner Brothers Discoverys film studio and HBO Max for $82.7 billion, with the deal set to close after a spin-off of Discovery Globals cable networks. Paramount Skydances offer expires on January 8, 2026, unless extended.
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