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

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 108.4bnhostilebidbyParamountSkydanceforcontrolofWBD.Kushner,DonaldTrumpssoninlawandadviser,setupAffinity.Paramount,controlledbythebillionaireEllisonfamily,isattemptingtosinka108.4bn hostile bid by Paramount Skydance for control of WBD. Kushner, Donald Trump’s son-in-law and adviser, set up Affinity.Paramount, controlled by the billionaire Ellison family, is attempting to sink a 82.7bn deal WBD struck to sell its storied Warner Bros movie studios, pr ...