Warner Bros. Discovery's board recommended shareholders reject Paramount's offer and favor Netflix's $82.7 billion agreement, following Paramount's earlier $108 billion tender and as Affinity Partners withdrew its financing support.Affinity had been listed in Paramount's SEC filing and was expected to contribute about $200 million; an Affinity spokesperson said the "dynamics of the investment have changed significantly" and Paramount's bid had tied commitments to Saudi Arabia's Public Investment Fund, a Qatar fund, Abu Dhabi interests, the Ellison family and RedBird Capital.The move intensifies a three-way contest involving Paramount/Skydance, Netflix and Warner Bros. Discovery, drawing political scrutiny because of Kushner's link to Affinity and foreign sovereign backers while Warner reviews whether Paramount's proposal is a superior transaction before the tender offer expires Jan 8.