"Affinity Partners, a Florida-based private equity firm founded by President Donald Trump's son-in-law, will not participate in financing Paramount's $108 billion bid for WBD, a person close to the matter told Business Insider. The person said Affinity was expected to invest $200 million, a relatively small amount of the total bid. In a statement to various news outlets, an Affinity spokesperson confirmed the end of the firm's participation."
""The dynamics of the investment have changed significantly since we initially became involved in October. We continue to believe there is a strong strategic rationale for Paramount's offer," the spokesperson said. Affinity did not respond to Business Insider's requests for comment. Affinity and Jared Kushner were identified as a financing partner in Paramount's 367-page SEC filing on December 8, in which it made the bid for WBD. Its other external financing partners include wealth funds from Saudi Arabia, Qatar, and Abu Dhabi."
Affinity Partners, a private equity firm founded by Jared Kushner, will not participate in financing Paramount's $108 billion bid for Warner Bros. Discovery. The firm had been expected to invest $200 million but confirmed its exit, stating investment dynamics changed since October while still asserting a strategic rationale for Paramount's offer. Affinity and Kushner were listed among financing partners in Paramount's SEC filing alongside Gulf wealth funds. The bid involves high-profile backers tied to Larry Ellison and has prompted public comments from President Trump. The development adds to the media contest among Paramount Skydance, Netflix, and WBD.
Read at Business Insider
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