Trump’s son-in-law is emerging as a central conduit for Gulf money moving into American media, and they’re backing the Ellisons and Paramount.

Paramount’s hostile bid for Warner Bros. Discovery includes public investment funds of Saudi Arabia, Abu Dhabi and Qatar and Jared Kushner's Affinity Partners.

Netflix's proposal includes Warner Bros' studio and streaming networks, leaving the rest of the company to be spun off as an independent company. Its offer values those holdings which include brands such as Warner Bros, New Line Cinema, and HBO Max, at $82.7bn, including debt.

And of son-in-law Jared Kushner's role in Paramount's bid, the president says he's "never spoken with him about it."

Jared Kushner’s private-equity firm, Affinity Partners, is part of a new $108.4 billion attempt by Oracle heir David Ellison, who just acquired CBS, to buy Warner Bros Discovery, a company that owns Hollywood studios, CNN, HBO, HGTV, and a vast movie and TV back catalog, Axios first reported.