Affinity Partners, key backer of hostile bid by Paramount, reportedly steps back following scrutiny of Kushner’s role
Jared Kushner’s private equity firm has reportedly stepped back from previous efforts to take over the entertainment giant Warner Bros Discovery, following scrutiny of his involvement.
Affinity Partners emerged as a key backer of a $108.4bn hostile bid by Paramount Skydance for control of WBD. Kushner, Donald Trump’s son-in-law and adviser, set up Affinity.
Continue reading...