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    Home » Jared Kushner Pulls Out Of Paramount’s Hostile Bid For Warner Bros. Discovery

    Jared Kushner Pulls Out Of Paramount’s Hostile Bid For Warner Bros. Discovery

    By SHOOTWednesday, December 17, 2025No Comments111 Views
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    Jared Kushner looks on during a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla. (AP Photo/Terry Renna)

    By Hannah Schoenbaum

    LOS ANGELES (AP) --

    A private equity firm owned by President Donald Trump’s son-in-law, Jared Kushner, is no longer backing Paramount’s hostile acquisition bid for Warner Bros. Discovery, the firm confirmed Tuesday.

    Days after Warner agreed to be bought by Netflix in early December, Paramount launched a rival bid that seeks to bypass Warner’s management and appeal directly to its shareholders with more money. Paramount is offering $30 per Warner share to Netflix’s $27.75.

    Warner, one of the “big five” Hollywood studios, owns Warner Bros. Pictures, HBO, the DC Comics universe and the Harry Potter franchise. Experts say its acquisition could supercharge the winning company and reshape the streaming wars, either by catapulting Netflix further ahead of top competitors or by cementing a new power player in Paramount.

    Paramount, which is significantly smaller than Netflix, said its decision to circumvent Warner’s top managers came after they “never engaged meaningfully” with several earlier offers by the company.

    Paramount made the details of its new offer public and gave Warner shareholders an option to tender their shares — selling them directly at a set price — in support of its bid. The company is offering to buy Warner’s entire portfolio, including cable networks like CNN that Netflix excluded from its bid.

    In its appeal to shareholders, Paramount argued its offer may be more likely to pass regulatory scrutiny from the Trump administration.

    The president has said the Warner and Netflix deal “could be a problem” due to the size of the combined market share.

    Kushner’s decision to pull his firm’s financial backing takes away a possible Paramount advantage to win over Trump. The amount Kushner’s Affinity Partners was contributing to the offer was not disclosed in Paramount’s latest SEC filings.

    “With two strong competitors vying to secure the future of this unique American asset, Affinity has decided no longer to pursue the opportunity,” the firm said in a statement. “The dynamics of the investment have changed significantly since we initially became involved in October. We continue to believe there is a strong strategic rationale for Paramount’s offer.”

    Paramount’s bid is still backed by wealth funds run by three governments in the Persian Gulf, widely reported as Saudi Arabia, Abu Dhabi and Qatar.

    Paramount, which owns which owns CBS, MTV and the streaming service Paramount+, is newly headed by David Ellison, the son of a major Trump donor. But Trump has recently criticized the Ellisons for his treatment by CBS News’ “60 Minutes.”

    “If they are friends, I’d hate to see my enemies!” Trump said Tuesday on Truth Social.

    Warner is reviewing Paramount’s offer and is expected to tell shareholders soon whether it’s a better deal than selling to Netflix.

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    Category:News
    Tags:Jared KushnerParamountWarner Bros. Discovery



    Review: Director Joe Carnahan’s “The Rip”

    Friday, January 16, 2026
    This image released by Netflix shows Matt Damon in a scene from "The Rip." (Claire Folger/Netflix via AP)

    Lines between cop and criminal get murky in Joe Carnahan's "The Rip," a crime thriller set across one foggy Miami night, starring Matt Damon and Ben Affleck. Damon and Affleck, of course, are so closely associated with Boston — most recently they produced the 2024 heist movie "The Instigators" there — that a detour to South Florida puts them, a little awkwardly, in an entirely different movie landscape. This is "Miami Vice" territory or Elmore Leonard Land, not Southie or "The Town." In "The Rip," they play Miami narcotics officers who come upon a cartel stash house that Lt. Dane Dumars (Damon) says may have $150,000 hidden in the walls. It turns out to be more than $20 million, though, and their mission immediately turns from a Friday afternoon smash-and-grab into an imminent siege where no one can be trusted. "The Rip," which debuts Friday on Netflix, is a lean and potent-enough neo-noir where almost all the characters are police officers, yet it's a mystery as to who's a good guy and who's not. It's a nifty and timely premise, even if "The Rip" literally tattoos its message across itself. When Dane sits down with the young woman (Sasha Calle) at the stash house who seems plausibly innocent, she looks at tattoos on his hands and asks what they mean. On one: "AWTGG": "Are we the good guys?" As much as the answer might seem a foregone conclusion in a movie starring Damon and Affleck, who are also producers, "The Rip" plays with and against type in ways that can keep you engrossed. (The cast also includes Teyana Taylor, Steven Yeun and Kyle Chandler.) However, the exposition is so light and hurried in "The Rip" that that's almost all it plays with. We know almost nothing about our characters outside of the action in the movie, making all the... Read More

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