Warner Bros likely to reject $108.4 bn Paramount bid as Jared Kushner pulls out

Warner Bros. Discovery’s board is likely to make a decision as soon as Wednesday about Paramount Skydance’s $108.4 billion takeover offer. A Reuters report, citing sources familiar with the matter said, the board is expected to tell shareholders to vote against the deal. Meanwhile, Jared Kushner’s private equity firm Affinity Partners, has said that it will no longer take part in the group backing Paramount Skydance’s aggressive bid to buy Warner Bros. Discovery.