Trump Action Archive

Supporting reports

• Paramount launched hostile takeover bid for Warner Bros. Discovery — Paramount launched a hostile takeover bid for Warner Bros. Discovery, offering $30 per share in an all-cash offer directly to shareholders. The move followed Paramount's loss to Netflix in a competitive bidding process for Warner Bros. Discovery. Trump had previously stated there "could be a problem" with the Netflix deal.
• Kushner and Middle Eastern sovereign wealth funds finance hostile takeover bid for Warner Bros. Discovery — Jared Kushner's investment firm Affinity Partners, along with sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar, are providing $24 billion in equity financing to back Paramount's $77.9 billion hostile takeover bid for Warner Bros. Discovery. The bid was announced Monday to counter Netflix's accepted $72 billion acquisition offer. Paramount's SEC filing discloses that foreign governments are supplying the majority of equity capital while claiming to forgo governance rights to avoid Committee on Foreign Investment in the United States (CFIUS) review. Kushner simultaneously serves as an advisor to President Trump on foreign policy while collecting tens of millions in annual fees from the same Middle Eastern governments.
• Paramount claims foreign investment in WBD acquisition falls outside CFIUS jurisdiction — In its SEC filing for the hostile takeover bid, Paramount asserts that the $24 billion in equity financing from Saudi Arabia, Abu Dhabi, Qatar, and Affinity Partners (Kushner's firm) is structured to fall outside the jurisdiction of the Committee on Foreign Investment in the United States by having the foreign entities forgo governance rights and board representation. The article notes that this claim is legally questionable, as CFIUS retains authority to investigate foreign ownership arrangements regardless of nominal governance restrictions, and that the structure tacitly acknowledges Kushner is using Affinity Partners as a vehicle for foreign influence.