Kushner’s Affinity Withdraws From WBD Takeover Battle
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Live on Bloomberg TVKushner’s Affinity Withdraws From WBD Takeover BattleDecember 16th, 2025, 10:04 PM GMT+0000Felix 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)Bloomberg TechnologyThe only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang.More episodes and clips04:53Investors Are Being Discerning With the AI Trade: BMO’s Schleif02:29TikTok's Live Shopping Experience Catches on in US11:00US Tries to Rely Less on China for Critical Minerals08:27JetBlue to Open First Lounge at New York’s JFK Amid Premium PushThe David Rubenstein Show"The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business.More episodes and clips24:06The David Rubenstein Show: Ynon Kreiz24:05David Rubenstein Show: Kevin Hassett24:05The David Rubenstein Show: Maria Sharapova24:06The David Rubenstein Show: Justice Anthony KennedySee all shows