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Evening Standard
Evening Standard
Entertainment
Holly Williams

Trump’s son-in-law withdraws backing for Paramount’s hostile bid for Warner Bros

Warner Bros Paramount Netflix Donald Trump Jared Kushner United States Warner Bros Discovery
Paramount has launched a hostile bid for Warner Bros Discovery in an attempt to derail the firm’s agreed 72 billion dollar (£54 billion) deal with Netflix (Alamy/PA) -

A private equity firm owned by US President Donald Trump’s son-in-law has pulled its backing for Paramount’s hostile takeover bid for Warner Bros Discovery.

Jared Kushner’s company Affinity Partners had agreed financial backing for Paramount’s 30 US dollars (£22.50) a share bid for Warner Bros, which was lodged just days after Warner Bros agreed to be bought by Netflix in early December in a 72 billion dollar (£54 billion) deal.

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