Jared Kushner's Affinity Partners withdraws from Warner Bros. Exploring the takeover battle. The private equity firm appeared as a participant this month in Paramount's hostile bid against Warner Brothers, which valued Warner Bros. at $108.4 billion, including debt. Paramount is trying to block Netflix's $82.7 billion acquisition of Warner Bros. Affinity provided financial support for Paramount's acquisition plan. According to people familiar with the matter, Trump had previously indicated that he would personally evaluate the deal, and his son-in-law Kushner's participation sparked much controversy. People familiar with the matter said Affinity provided $200 million in financing support for the deal, a relatively small figure. An Affinity representative said that investment dynamics have changed since the company participated in the deal in October. “Affinity decided not to participate because both strong rivals are vying for this unique US asset,” the investment firm said. “We still consider Paramount's takeover offer to be very strategic.”

Jared Kushner's Affinity Partners withdraws from Warner Bros. Exploring the takeover battle. The private equity firm appeared as a participant this month in Paramount's hostile bid against Warner Brothers, which valued Warner Bros. at $108.4 billion, including debt. Paramount is trying to block Netflix's $82.7 billion acquisition of Warner Bros. Affinity provided financial support for Paramount's acquisition plan. According to people familiar with the matter, Trump had previously indicated that he would personally evaluate the deal, and his son-in-law Kushner's participation sparked much controversy. People familiar with the matter said Affinity provided $200 million in financing support for the deal, a relatively small figure. An Affinity representative said that investment dynamics have changed since the company participated in the deal in October. “Affinity decided not to participate because both strong rivals are vying for this unique US asset,” the investment firm said. “We still consider Paramount's takeover offer to be very strategic.”