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Axios
Axios
Business

Jared Kushner's firm backs out of Paramount's Warner Bros. bid

Paramount Jared Kushner Warner Bros Larry Ellison Axios Affinity Affinity Partners Oracle

Affinity Partners, the fund tied to President Trump's son-in-law Jared Kushner, has backed out of Paramount's bid for Warner Bros. Discovery, Axios has confirmed.

Why it matters: The news comes ahead of an expected announcement from the Warner Bros. board that it plans to reject Paramount's latest $30-a-share all-cash offer for the company.

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