Paramount Makes Hostile Bid for Warner Bros.
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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.
WASHINGTON, Dec 8 (Reuters) - Jared Kushner's financing role in Paramount's $108 billion bid for Warner Bros Discovery injects Trump-family interests into one of the biggest media battles in years, raising concerns over whether the president's influence could tip the scales.
Paramount's hostile takeover bid for Warner Bros. Discovery includes funds from Middle Eastern investors, Jared Kushner and China.
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.
Axios on MSN
Jared Kushner's private equity web
Jared Kushner, President Trump's son-in-law, is putting his private equity ammo behind Paramount's hostile takeover bid for Warner Bros Discovery — in what could be the second major takeover he's been involved in this year.
Gulf sovereign funds and Jared Kushner’s Affinity Partners are supporting Paramount’s $108 billion bid for Warner Bros., raising questions about money, media influence, and the law firms behind the bid.
And of son-in-law Jared Kushner's role in Paramount's bid, the president says he's "never spoken with him about it."
President Trump on Monday demurred when asked about an ongoing war between Netflix and Paramount for moviemaker Warner Bros. and said he has not spoken with his son-in-law Jared Kushner about his
Jared Kushner’s private-equity firm, Affinity Partners, is part of the Hail Mary after Netflix agreed to pay $82.7 billion for the media and entertainment conglomerate, beating out Paramount and Comcast after a monthslong bidding war, Axios first reported.