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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Jared Kushner’s firm exits takeover battle for Warner Bros Discovery

Jared Kushner Warner Bros Warner Bros Discovery Paramount Affinity United States David Ellison Donald Trump Larry Ellison Affinity Partners
a man in a suit smiles
Jared Kushner in Berlin on Monday. Photograph: Action Press/Shutterstock

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.

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