that's a wrap

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...