Paramount Skydance Corp. (NASDAQ:PSKY) is in talks to secure a massive $24 billion in equity commitments from three Gulf sovereign-wealth funds to support its takeover of Warner Bros. Discovery Inc. (NASDAQ:WBD).
The Saudi Arabia-led consortium, which includes the Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co., is expected to finalize the agreements by next Monday. Saudi Arabia’s Public Investment Fund alone is set to contribute approximately $10 billion of the total amount, reported the Wall Street Journal on Sunday.
This financial backing is aimed at reducing the load for Paramount’s David Ellison and RedBird Capital Partners, both of whom are also backing the deal. Paramount has confirmed that the equity syndication won’t affect the …Full story available on Benzinga.com
Perplexity revenue jumps 50% in pivot from search to AI agents
...
Read moreDetails
