Gulf Funds Back Paramount Warner Takeover with $24 Billion
Three Gulf funds committed $24 billion to support Paramount's $81 billion takeover of Warner Bros. Discovery. The deal was reported by the Wall Street Journal.
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Paramount has reportedly secured signed equity commitments of nearly $24 billion from three sovereign-wealth funds to support its proposed $81 billion acquisition of DISCOVERY LTD. According to a report from the Wall Street Journal on Sunday, the financing effort is being led by Saudi Arabia.
