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Fortune

Eva Roytburg, Nick Lichtenberg

Jared Kushner suddenly emerges in the Warner brawl between Paramount and Netflix, backed by Saudi billions and fresh off brokering another megadeal

Jared Kushner Paramount Netflix Donald Trump EA SPORTS Warner X Ted Sarandos Larry Ellison United States

Jared Kushner is seen at the Royal Court after US President Donald Trump received the Order of Abdulaziz al-Saud medal in Riyadh on May 20, 2017. (Credit: MANDEL NGAN—AFP/Getty Images)

Jared Kushner has quietly reemerged as a player in one of the biggest takeover fights in modern Hollywood. Paramount’s audacious, all-cash $108 billion hostile bid for Warner Bros. Discovery, announced Monday, names Kushner’s fully owned private equity firm, Affinity Partners, as one of four outside financing partners backing the offer, alongside the sovereign wealth funds of Saudi Arabia, Abu Dhabi, and Qatar.

Axios first reported the involvement of Saudi and Gulf investment.

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