Paramount’s hostile bid for Warner Bros. shaken
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Affinity Partners, the firm founded by Donald Trump ‘s son-in-law Jared Kushner, will no longer be a part of the group of investors backing Paramount ‘s hostile takeover bid of Warner Bros. Discovery, a source confirmed on Tuesday.
Netflix CEOs call the Warner Bros. acquisition a win, but analysts warn of risks as investors question the $83B deal and Paramount looms.
Netflix has made waves in entertainment with its deal to acquire Warner Bros. The streaming giant announced on December 5 that it had reached an agreement to purchase Warner Bros.