business / news / / The Hollywood Reporter
Sovereign wealth funds controlled by Saudi Arabia, Qatar and Abu Dhabi are willing to bet on an American media company.
Saudi, Qatari, and Abu Dhabi funds are providing $24 billion in equity for a Paramount-led takeover.
KEY POINTS
- Saudi Arabia’s Public Investment Fund alone is contributing $10 billion to the $111 billion deal.
- Foreign investors in this deal will not receive governance or board seats at Warner Bros. Discovery.
- Democratic lawmakers are urging FCC or CFIUS review due to national security concerns over these investments.
- Tencent and Affinity Partners were previously involved but are not participating in the current deal.
COMPANIES
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