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Kushner’s Affinity Withdraws From Warner Bros. Takeover

Kushner's Affinity Exits Warner Bros. Takeover Battle

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By Michelle F Davis, Lucas Shaw, and Matthew Monks

December 16, 2025 at 9:15 PM UTC

Updated on

December 17, 2025 at 9:40 AM UTC

Jared Kushner’s Affinity Partners is exiting the takeover battle for Warner Bros. Discovery Inc. in a political and financial blow to a foundering hostile takeover bid for the fabled studio.

The private equity firm withdrew its backing of Paramount Skydance Corp.’s proposal to buy Warner Bros., which the studio plans to reject.