Warner Bros. Discovery's board recommended owners reject Paramount Skydance's hostile bid and accept a deal with Netflix, and Jared Kushner's firm Affinity Partners said it is withdrawing from Paramount's financing group following weeks of competing offers.The Netflix agreement is now valued at about $82.7 billion while Paramount and Skydance had proposed a full tender valuing Warner near $108 billion and offering roughly $30 per share; Paramount's tender is scheduled to expire on Jan 8 unless extended.Paramount's approach, led by David Ellison and supported by backers that at various times included commitments tied to Saudi Arabia's Public Investment Fund, a Qatar fund, Abu Dhabi interests, the Ellison family and RedBird Capital, has drawn political scrutiny from lawmakers including Ayanna Pressley who have raised concerns about foreign influence and data privacy as CEO David Zaslav and the board review whether the Paramount proposal is superior.