It’s one thing for Paramount Skydance to convince Warner Bros. Discovery shareholders that its purchase offer was superior to Netflix’s. It’s another entirely to come up with the $81 billion needed to close the deal. But, as first reported by The Wall Street Journal, Paramount is getting some major help in financing the deal: a commitment of $24 billion from three Gulf states, led by Saudi Arabia.
Key Details: Pitching in: Three Gulf states are providing $24 billion in funding for the deal. In the lead: Saudi Arabia will contribute $10 billion from its Public Investment Fund. Below the threshold: The investments are not expected to trigger reviews by the FCC or other government organizations. 
Sign Up
Abu Dhabi, Qatar, and Saudi Arabia will kick in a combined $24 billion to help finance Paramount’s purchase of Warner Bros. Discovery. They join Paramount CEO David Ellison and
...Keep reading this article on The Streamable.
