Felix Gillette, Bloomberg Media and Entertainment Editor reports on the news  Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. This comes as, Jared Kushner’s Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc.  The private equity firm this month emerged as a participant in Paramount Skydance Corp.’s hostile bid for Warner Bros., which valued the media and entertainment company at $108.4 billion including debt. Paramount is seeking to scupper Netflix Inc.’s agreed $82.7 billion deal for Warner Bros. Affinity was helping to finance Paramount’s move. It now believes the dynamics ​of an investment have changed since it became involved in the process in October, a representative for the firm said.  (Source: Bloomberg)

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.

President Donald Trump expressed unhappiness with the owners of Paramount Skydance Corp. over CBS News coverage of his presidency.

Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said.