Tag

Affinity Partners

All articles tagged with #affinity partners

politics3 days ago•3 min saved

House Democrat Demands Records on Kushner’s Israeli Defense Ties

Rep. Robert Garcia has formally requested financial records from Jared Kushner’s private equity firm, Affinity Partners, regarding its investments in Israeli defense contractors. This move follows a CNN investigation linking Kushner’s diplomatic role to his firm’s profits from companies like Elbit Systems. Kushner’s attorney dismissed the request as ironic, citing Garcia’s own pension holdings in the same stocks, while Democrats frame the inquiry as a necessary check on presidential family profiteering ahead of the midterm elections.

via CNN|

#affinity-partners #conflict-of-interest #house-oversight-committee

politics7 days ago•4 min saved

Kushner Condemns CNN Report on Israeli Defense Ties as 'Misleading'

Jared Kushner publicly criticized CNN for a report suggesting his diplomatic work in the Middle East conflicted with his financial interests. CNN’s investigation found that Kushner’s firm, Affinity Partners, holds a 7.4% stake in Phoenix Financial, an Israeli group with significant investments in defense contractors like Elbit Systems. Kushner argued the headline was misleading because the full article, hidden behind a paywall, stated CNN found no direct link between his diplomatic actions and the investments. He emphasized that Phoenix is a regulated financial institution, not a defense company, and that his firm has no role in its investment decisions. CNN stood by its reporting, while the White House dismissed the concerns as a 'tired narrative' from political opponents.

via Fox News|

#affinity-partners #cnn #conflict-of-interest

politics8 days ago•14 min saved

Kushner’s Diplomatic Role Clashes with $1 Billion Stake in Israeli Defense Supplier

Jared Kushner’s private equity firm, Affinity Partners, holds a 7.4% stake in Israeli financial group Phoenix Financial, which invests heavily in Israeli military contractors. While Kushner serves as an unpaid envoy for Gaza negotiations, his firm reaped over $340 million in profits from this investment in 2026. Critics argue this creates an ethical conflict, though Kushner maintains his diplomatic and business roles are separate.

via CNN|

#affinity-partners #conflict-of-interest #israel-defense

politics1 month ago•228 min saved

Kushner probe expands to Albania resort amid land-deed controversy

Democrats on the House Judiciary Committee are widening their inquiry into Jared Kushner to scrutinize his Albania coast resort plans, with Rep. Jamie Raskin requesting records on approvals and communications with U.S. and Albanian officials. The probe, which follows protests and allegations of a forged land deed, asks whether Kushner’s conduct should be examined under the Foreign Corrupt Practices Act and whether the statute needs updating, building on previously disclosed concerns about his dual role as a U.S. envoy and head of Affinity Partners.

via MS NOW|

#affinity-partners #albania #foreign-corrupt-practices-act

business2 months ago•5 min saved

EA goes private after $55B buyout; debt load and cost cuts spark anticipated layoffs

Electronic Arts has completed a $55 billion leveraged buyout led by the Saudi Public Investment Fund with Silver Lake and Affinity Partners (led by Jared Kushner), taking EA private and paying $210 per share to stockholders. The deal adds about $18 billion in debt and has the new owners planning roughly $700 million in annual cost cuts, including organizational efficiencies, which has sparked expectations of mass layoffs as the company restructures under private ownership.

via Eurogamer.net|

#affinity-partners #business #ea

business2 months ago•8 min saved

EA Goes Private as Investor Trio Tops $55B in Take-Private Deal

Electronic Arts has been fully taken private by a consortium of investors—the Public Investment Fund of Saudi Arabia (PIF), Silver Lake, and Affinity Partners—for $55 billion, delisting its stock and paying shareholders $210 per share. The record-breaking all-cash deal ushers EA into a new chapter, but the future of certain studios and projects remains uncertain even as 2026 sports titles (Madden 27, FC 27, NHL 27, Star Wars Zero Company) and other planned releases are expected to proceed under the new ownership.

via Game Informer|

#acquisition #affinity-partners #business

business2 months ago•6 min saved

Saudi-led group seals $55B takeover of Electronic Arts

A Saudi-led consortium including the Public Investment Fund completes a $55 billion leveraged buyout to take Electronic Arts private, one of the largest such deals in history, with financing borrowed to close the deal and ongoing questions about debt, governance, and potential changes to the company’s strategy and content.

via BBC|

#affinity-partners #business #electronic-arts

business2 months ago•3 min saved

Saudi PIF Leads $55B Takeover of EA with Kushner-Backed Partners

EA was taken private in a $55 billion deal led by Saudi Arabia’s Public Investment Fund, with Silver Lake and Jared Kushner’s Affinity Partners as investors; about $36B in equity and $20B in debt financing from JPMorgan, closing on August 4, 2026. EA will remain headquartered in Redwood City and preserve creative control, with no immediate layoffs promised.

via Game Developer|

#affinity-partners #business #ea

world3 months ago•1 min saved

Albania protests swell against Kushner-linked Adriatic resort plan

Thousands gathered in Tirana and Vlora in one of the largest rallies yet to oppose a proposed multi‑billion‑euro luxury tourism project on Albania’s Adriatic coast tied to Jared Kushner’s Affinity Partners, spurring the so‑called ‘flamingo revolution’ over environmental and opaque real‑estate concerns and pressing for Prime Minister Rama’s resignation, while the government defends the project.

via CNBC|

#affinity-partners #albania #flamingo-revolution

world4 months ago•4 min saved

Kushner-backed Albanian Sazan Island resort sparks environmental protests and transparency concerns

Jared Kushner’s investment firm Affinity Partners is backing a €1.4 billion plan to turn part of Albania’s Sazan Island into a luxury resort, a project that has provoked environmental protests and questions about investor transparency, while Kushner—the former White House adviser and Trump ally—remains a prominent, Saudi-backed figure with ongoing diplomacy and international investment links.

via Euronews.com|

#affinity-partners #albania #jared-kushner

world4 months ago•3 min saved

Brussels warns Albania over Trump-linked resort near protected Adriatic coast

Brussels warned Albania to act quickly to avoid jeopardizing its EU bid over a €1.4B Affinity Partners–backed resort on the protected Adriatic coast (Narta Lagoon/Sazan), citing potential environmental rule breaches (Chapter 27); protests persist, SPAK investigates changes to protective laws, and Prime Minister Rama defends the plan amid accusations of a hybrid-war tactic by opponents.

via Euronews.com|

#affinity-partners #albania #environment

world4 months ago•3 min saved

Rama Calls Protests Against Kushner-Linked Resort a Foreign-Driven Hybrid Campaign

Albanian Prime Minister Edi Rama accused foreign actors and online bots of weaponizing protests against a Kushner-linked coastal resort, framing it as a coordinated 'hybrid' campaign, while stressing that no final project has been submitted and that any plan would undergo review amid environmental concerns raised by activists.

via Euronews|

#affinity-partners #albania #edi-rama

world4 months ago•5 min saved

Kushner-backed luxury resort in Albania sparks protests

Protests in Tirana against a $4 billion Kushner-backed luxury resort planned for Sazan Island and nearby wetlands have drawn thousands, with opponents arguing the project threatens delicate ecosystems and lacks transparent scrutiny. Backed by Affinity Partners, the development would also involve land interests linked to Qatari investors and state-owned Sazan Island; supporters say it would boost tourism and create jobs. Ivanka Trump has publicly reflected on the island, and Prime Minister Edi Rama defends the project as economically valuable, while critics frame it as risky and opaque. If scrapped, it would mark a second Kushner-backed Balkan project to fail after Belgrade.

via Financial Times|

#affinity-partners #albania #ivanka-trump

world4 months ago•4 min saved

Albania on edge as Kushner-backed luxury resort faces mounting protests

Protests in Tirana escalate against Jared Kushner–backed plans for a $1.6 billion luxury resort on Albania’s environmentally sensitive coast, with critics accusing the government of a lack of transparency and potential damage to biodiversity (including the Sazan area’s monk seals and flamingos). The prime minister, Edi Rama, defends the investment and vows negotiations will continue, while activists call for bulldozers to be removed and habitats restored. SPAK has opened an inquiry into changes affecting protected areas amid renewed scrutiny of the project.

via The Guardian|

#affinity-partners #albania #environment

world4 months ago•5 min saved

Flamingo Fever in Tirana as Kushner-Backed Resort Sparks Protests

Thousands gathered in Tirana for a fourth night of protests against Jared Kushner’s plan to develop a luxury resort on Sazan Island and the Zvernec coastline, arguing it would threaten flamingo habitat and Albania’s natural heritage. The grassroots movement, symbolized by cardboard flamingos, has drawn security crackdowns and a corruption probe into land ownership, while PM Edi Rama says environmental assessment is ongoing and the project could proceed amid domestic and diaspora opposition.

via politico.eu|

#affinity-partners #albania-protests #flamingo-revolution