#financing-risk

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fromAxios
15 hours 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."
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Media industry
fromFortune
14 hours ago

Warner Bros. plans to reject Paramount bid on funding, terms | Fortune

Warner Bros. Discovery plans to urge shareholders to reject Paramount Skydance’s hostile takeover bid due to financing risks and preference for its Netflix agreement.
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