Paramount Skydance closes Warner deal with Gulf backing
Saudi Arabia’s Public Investment Fund, the Qatar Investment Authority and Abu Dhabi’s L’Imad Holding are backing the blockbuster Hollywood deal
Ethan Swope/Bloomberg via Getty Images
Warner Bros. Studios in Burbank, California.
Paramount Skydance has closed its Gulf-backed $110 billion acquisition of Warner Bros. Discovery, having fended off rivals and a series of antitrust lawsuits in the 10 months since it launched its first hostile bid.
Saudi Arabia’s Public Investment...