NasdaqGS:WBDEntertainment
Paramount Skydance Funding Shifts Warner Bros. Discovery Deal To Execution
Paramount Skydance has secured $24b in equity funding from Middle Eastern sovereign wealth funds for its planned acquisition of Warner Bros. Discovery (NasdaqGS:WBD).
The commitments come from Saudi Arabia's Public Investment Fund, Qatar Investment Authority, and Abu Dhabi's L’imad Holding.
A special shareholder meeting and ongoing regulatory reviews are the next milestones for the proposed takeover of WBD.
Warner Bros. Discovery, the combined media and entertainment group behind Warner...