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Jared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery

Jared Kushner's private equity firm has withdrawn its support for Paramount's hostile bid to acquire Warner Bros. Discovery. This decision comes shortly after Warner agreed to a buyout from Netflix, prompting Paramount to propose a higher offer of $30 per share to attract Warner's shareholders directly.

Jared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery

Credit: Abcnews

Key Highlights

  • Jared Kushner's firm pulls support for Paramount's acquisition bid.
  • Paramount's bid aimed to bypass Warner's management.
  • Paramount offered $30 per share, exceeding Netflix's $27.75 offer.
  • Warner Bros. Discovery is one of the major Hollywood studios.
  • Warner recently agreed to be bought by Netflix.
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Sources

  1. Jared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery
  2. Jared Kushner pulls out of Paramount’s hostile bid for Warner Bros. Discovery

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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