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Paramount Skydance shares were up 9.75% at $10.82 at the time of publication on Tuesday.
Paramount is set to receive $24 billion in funding from multiple sovereign-wealth funds.
KEY POINTS
- Qatar Investment Authority and Abu Dhabi's L'imad Holding Co are involved in the financing deal.
- Paramount announced plans to buy Warner Bros. Discovery after Netflix declined to increase its bid.
- The Paramount-Warner Bros. Discovery deal could close as soon as the end of July.
COMPANIES
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