Balgarianovinite.com
(Photo Credit: Terry Renna for AP)
Paramount Skydance’s $108 billion hostile takeover bid for Warner Bros. Discovery includes billions of dollars in funding from Middle East investors and Jared Kushner’s private equity firm, according to reports on Monday.
Those details emerged soon after Paramount Skydance CEO David Ellison announced his company was mounting a challenge to Netflix’s WBD bid, which he called an “inferior” offer.
“A filing confirms that Paramount’s tender offer is also supported by $24 billion in debt financing from sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi, as well as from Jared Kushner’s Affinity Partners,” The Hollywood Reporter reported.
Axios noted “Affinity Partners was not mentioned in Paramount’s press release on Monday morning about its $108 billion bid, nor were participating sovereign wealth funds from Saudi Arabia, Abu Dhabi and Qatar.”
Paramount’s tender offer is for $30 per share, which would all be paid in cash, compared to Netflix’s $27.75 offer, which is a mix of cash and stock. Netflix’s offer is worth about $83 billion.
Ellison and his investors are offering more for WBD while also aiming to acquire more — as THR reported, Netflix is “only buying WBD’s streaming and studios business, while Paramount is pursuing the whole company.” WBD owns the HBO Max and Discovery+ streaming services, as well as famous franchises like Harry Potter, Looney Tunes, and DC Comics.
Kushner’s inclusion in Paramount Skydance’s offer comes after Netflix boss Ted Sarandos recently met with his father-in-law, President Donald Trump, according to The New York Post and Bloomberg; Sarandos was making his case for why Netflix acquiring WBD would not be an antitrust violation.
Trump on Sunday praised Sarandos as a shrewd businessman, but also said Netflix’s bid for WBD “could be a problem.”
David Ellison’s father, Oracle co-founder Larry Ellison, is also a big supporter of President Trump.
Axios reported that, as part of Paramount’s tender offer, its foreign investors “have agreed to forgo any governance rights – including board representation – associated with their non-voting equity investments.”
The bidding war has been good for WBD shareholders, obviously. WBD’s stock price was up 5.50% in early trading on Monday, hitting $27.51 per share; its share price is up 158% since the start of the year.
The post Paramount Bid for Warner Bros Fueled by Billions in Foreign Money and Jared Kushner’s Private Equity Firm first appeared on Mediaite.
Paramount Bid for Warner Bros Fueled by Billions in Foreign Money and Jared Kushner’s Private Equity Firm 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-08 17:54:40 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
