Jared 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 Images
Jared Kushner’s firm Affinity Partners has dropped out of Paramount Skydance‘s hostile takeover bid for Warner 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 President Donald Trump.
The WB water tower is seen at Warner Bros. Studios in Burbank, California on Dec. 5, 2025.
Patrick T. Fallon | AFP | Getty Images
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