Jared Kushner, Founder & CEO, Affinity Partners, speaks during the 2nd time of the FII PRIORITY Summit held astatine the Faena Hotel connected Feb. 20, 2025 successful Miami Beach, Florida.
Joe Raedle | Getty Images
Jared Kushner's steadfast Affinity Partners has dropped retired 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 nary longer to pursue the opportunity," an Affinity spokesperson said successful a statement.
"The dynamics of the concern person changed significantly since we initially became involved in October," the spokesperson said. "We continue to believe there is simply a beardown strategical rationale for Paramount's offer."
Kushner is the son-in-law of President Donald Trump.
The WB h2o operation is seen astatine Warner Bros. Studios successful Burbank, California connected Dec. 5, 2025.
Patrick T. Fallon | AFP | Getty Images
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