Paramount Skydance's $110B Warner Bros Discovery Merger

0:00On April 6th, Paramount Skydance is lining up nearly $24 billion in equity from three big sovereign wealth funds led by Saudi Arabia. To back its takeover of Warner Bros. Discovery, the overall deal clocks in at $110 billion with an equity value of $81 billion and they aim to close it in the third quarter. This merger pulls together powerhouse studios and networks like CNN and CBS, giving them muscle to battle streaming giants as viewers ditch cable for. On demand, Saudi Arabia's public investment fund is committing about $10 billion with Qatar Investment Authority and Abu Dhabi's Limad, holding likely. Jumping in for the rest, these Gulf players won't get any voting rights in the new company. Paramount execs figure the foreign cash won't spark reviews from the committee on foreign investment in the U.S. or the federal communications. None of the funds or Paramount had comments when reached. Word is, these talks are heating up fast, setting the stage for a media shakeup that could

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