Kushner Bails on $108B Hollywood Power Move Like It’s A Basement Dinner Party
KEY POINTS
- •Jared Kushner’s Affinity Partners backed out of financing Paramount’s $108 billion bid for Warner Bros. Discovery in December 2025.
- •Affinity was expected to invest $200 million alongside Saudi, Qatari, and Abu Dhabi wealth funds in the media acquisition battle.
- •Paramount launched a hostile $30 per share bid after Netflix’s $72 billion deal announcement, sparking CEO David Ellison’s public letter.
In a plot twist juicier than a reality TV spin-off, Jared Kushner’s Affinity Partners is ghosting Paramount’s colossal $108 billion bid for Warner Bros. Discovery. Expected to toss a modest $200 million into this Saudi-Qatar-Abu Dhabi-funded celebrity bake-off, Kushner cited 'changed dynamics' since October, which probably means Netflix popping popcorn in the background. With Trump’s Oracle billionaire buddy Larry Ellison fueling Paramount, and the family drama wrinkling up SEC filings on December 8, Kushner’s exit came just days after Netflix swooped in with a $72 billion Cinderella offer on December 5—because nothing says 'media war' like billionaires waging a hostile intertwining of business and nepotism. Paramount CEO David Ellison then sent a salty letter on December 10 criticizing WBD's 'opaque' advisors while stock prices rollercoastered like a daytime soap plot. Meanwhile, Kushner’s quiet departure makes you wonder if even the guy married into Trump’s family can say 'nah' when billion-dollar reality gets too real.
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Source: Businessinsider | Published: 12/17/2025 | Author: Aditi Bharade,Lucia Moses