Paramount Skydance Corp. 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..
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.
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