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Business
fromwww.mediaite.com
8 hours ago

Jared Kushner's Firm Pulls Out of Paramount's Warner Bros. Hostile Takeover Bid

Affinity Partners withdrew from Paramount Skydance's bid for Warner Bros. Discovery, undermining political and regulatory support for the hostile takeover.
fromAxios
1 day ago

Jared Kushner's firm backs out of Paramount's Warner Bros. bid

"With two strong competitors vying to secure the future of this unique American asset, Affinity has decided no longer to pursue the opportunity," an Affinity spokesperson said. "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."
Business
#mergers--acquisitions
more#mergers--acquisitions
US politics
fromwww.mediaite.com
1 week ago

That's Authoritarianism': Bernie Sanders Rips Trump's Son-in-Law Backing CNN Takeover Bid

Paramount Skydance's $108B hostile takeover bid for Warner Bros., backed by Jared Kushner's firm and Gulf funds, raises concerns about media consolidation and authoritarian influence.
US politics
fromFortune
1 week ago

Kushner, Ellison and Apollo back hostile Warner Bros. bid | Fortune

Paramount Skydance launched a hostile $40.7B-backed bid to acquire Warner Bros. Discovery, assembling banks, billionaires and Gulf sovereign-wealth funds to challenge Netflix's deal.
World news
fromBitcoin Magazine
1 week ago

Strategy's Michael Saylor Pitches Bitcoin To The Middle East

Bitcoin can serve as digital capital enabling Bitcoin-backed credit products that generate higher yields than traditional fixed income while reducing portfolio volatility.
Business
fromBusiness Insider
1 week ago

Saudi Arabia, Qatar, Abu Dhabi are backing the Ellisons' hostile bid for Warner Bros. Why?

Saudi Arabia, Qatar, and Abu Dhabi are set to invest billions in a Paramount–Warner Bros. Discovery merger while claiming no governance rights.
Media industry
fromBusiness Insider
2 weeks ago

Will Middle Eastern oil nations end up owning part of CBS, HBO, CNN - and Hollywood?

Larry and David Ellison seek to buy Warner Bros. Discovery using financing from Saudi, Qatar, and Abu Dhabi sovereign wealth funds.
Business
fromBusiness Insider
3 weeks ago

Why oil money could end up owning part of a giant American media company

Gulf sovereign wealth funds could help finance the Ellisons' multibillion-dollar bid for Warner Bros. Discovery, prompting concern over foreign influence.
fromwww.aljazeera.com
4 weeks ago

Paramount Skydance prepares $71bn bid for Warner Bros Discovery: Report

The publication said the company formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a $71bn bid for Warner Bros Discovery. The report said Paramount Skydance would contribute about $50bn towards the proposed acquisition with the remainder coming from the wealth funds. Paramount Skydance has described the involvement of the sovereign wealth funds as categorically inaccurate.
Business
Fundraising
fromBusiness Insider
1 month ago

'Get used to Arabic coffee': What it's like to fundraise and invest in the Middle East

Relationships and long-term local engagement drive fundraising success in the Middle East; presence, local references, and cultural understanding matter more than presentations.
Cars
fromElite Traveler
3 months ago

McLaren's Reinvention Shows the Way

McLaren Automotive combines racing success and prized road cars but suffered roughly $1.1bn losses in 2023, prompting interest from sovereign wealth funds.
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