"The developing ParamountSkydance effort to acquire Warner Bros Discovery involves outreach to sovereign wealth funds in Saudi Arabia, Qatar, and the UAE. Reuters reported that Jared Kushner helped connect David Ellison's team with those funds as they explored financing options for a potential hostile bid. These investments are not confirmed or finalized, and Axios has reported that the foreign investors have agreed to forgo any governance rights including board representation associated with their non-voting equity investments."
"When foreign state wealth approaches an acquisition that includes a major American news institution, the public deserves visibility. When the president's son-in-law is involved in those introductions, the stakes are far higher. The point isn't that these situations are identical. It's that our outrage is bizarrely asynchronous and selective when the structural threat is constant. The Wall Street Journal reported that Ellison told President Donald Trump he planned sweeping changes at CNN if his takeover succeeded."
ParamountSkydance pursued an acquisition of Warner Bros Discovery and sought financing from sovereign wealth funds in Saudi Arabia, Qatar, and the UAE. Jared Kushner reportedly introduced David Ellison's team to those funds while exploring a potential hostile bid. Reported terms indicate the foreign investors would take non-voting equity and forgo governance rights, including board representation. The Wall Street Journal reported Ellison told President Trump he planned sweeping changes at CNN if the takeover succeeded. Such foreign investment combined with political connections poses risks to editorial independence and democratic accountability, amid limited public scrutiny.
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