The Times of Israel reports: “US President Donald Trump’s son-in-law Jared Kushner is teaming up with fellow Trump ally Larry Ellison and sovereign companies from Saudi Arabia, Qatar and Abu Dhabi to fund a Paramount Skydance bid to take over Warner Bros. Discovery, in a challenge to Netflix’s contested deal.
This is part of the Ellisons’ efforts to buy up US media on behalf of Israel.
“Netflix shocked the industry last week by announcing it had sealed an agreement to buy the Warner Bros. studio, drawing bitter reactions from voices in Hollywood worried about the future of their industry. Unlike Netflix’s offer, Paramount’s latest bid includes the buyout of cable channels such as CNN, TNT, TBS and Discovery — which would be added to its group of TV assets like CBS, MTV and Comedy Central.
“We’re really here to finish what we started,” said Paramount chief David Ellison — whose father Larry is the world’s second-richest man — in an interview with CNBC on Monday, as Paramount launched its sixth bid to acquire Warner Bros. Discovery since the bidding war with Netflix began in September.”
One of the backers of Paramount’s offer was Affinity Partners, an investment firm run by Kushner, a life long Israel partisan.
Emarketer analyst Ross Benes points out that this is not yet finished: “The Warner Bros. Discovery acquisition is far from over. Netflix is in the driver’s seat but there will be twists and turns before the finish line… The battle could become prolonged.”
Read more about the proposed deal here and here.
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