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Paramount Skydance has reportedly signed deals to get nearly $24 billion from three Gulf wealth funds to help back its acquisition of Warner Bros.
Paramount Skydance secured nearly $24 billion from three Gulf wealth funds for its Warner Bros. Discovery acquisition.
KEY POINTS
- Saudi Arabia’s Public Investment Fund alone is providing about $10 billion in non-voting equity for the deal.
- Tencent and Jared Kushner’s Affinity Partners are no longer involved in the Paramount bid, despite earlier reports.
- Gulf investors will not have board representation or voting rights, reducing regulatory scrutiny from CFIUS and FCC.
- Paramount’s total deal value reaches $110 billion with $54 billion in debt commitments from major financial institutions.
COMPANIES
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