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Kushner's Affinity Partners exits Paramount bid for Warner Bros. Discovery [MSNBC.com]
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In this articleJared 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 ImagesJared Kushner's firm Affinity Partners has dropped out ofParamount Skydancetakeover bidWarner 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 PresidentDonald TrumpAffinity's role in Paramount's hostile bid came to light on Dec. 8, when Paramount announced an all-cash, $30 per share offer for all of WBC.The offer came days after streaming giantNetflixa dealTrump last
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- Jared Kushner pulls out of Paramount's hostile bid for Warner Bros. Discovery [Yahoo! Finance Canada][Yahoo! Finance Canada]
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