Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. 

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.
Warner Bros. is planning to reject Paramount’s offer due to concerns about financing and other terms, people familiar with the matter said Tuesday. Affinity’s investment in the bid is about $200 million in equity, Bloomberg News has reported.

Today's show features:
Bloomberg News Media and Entertainment Editor Felix Gillette on the latest in the
R.C. “Chris” Whalen, Chairman of Whalen Global Advisors, on the health of the banking sector and the crypto market outlook
Julia Pollak, Chief Economist for the US Department of Labor, on the November nonfarm payrolls report
Larry Pitkowsky, Co-Founder, Managing Partner, and Portfolio Manager of GoodHaven Capital Management

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Jared Kushner&rsquo;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.&rsquo;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.&rsquo;s agreed $82.7 billion deal for Warner Bros. Affinity was helping to finance Paramount&rsquo;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. Warner Bros. is planning to reject Paramount&rsquo;s offer due to concerns about financing and other terms, people familiar with the matter said Tuesday. Affinity&rsquo;s investment in the bid is about $200 million in equity, Bloomberg News has reported. Today's show features:
<ul>
<li>Bloomberg News Media and Entertainment Editor Felix Gillette on the latest in the</li>
<li>R.C. &ldquo;Chris&rdquo; Whalen, Chairman of Whalen Global Advisors, on the health of the banking sector and the crypto market outlook</li>
<li>Julia Pollak, Chief Economist for the US Department of Labor, on the November nonfarm payrolls report</li>
<li>Larry Pitkowsky, Co-Founder, Managing Partner, and Portfolio Manager of GoodHaven Capital Management</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Kushner’s Affinity Withdraws From Warner Bros. Takeover Battle

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