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Paramount Tianwu Qiqiao Commercial Gulf Sovereign Fund supports its $81 billion acquisition of Warner Bros. Discovery.
Viewpoint Network News: On April 6, capital market news: Paramount Tianwu has received equity commitment of about $24 billion from three Gulf sovereign wealth funds to support its $81 billion acquisition of Warner Bros. Discovery.
According to information compiled from public sources, Saudi Arabia’s Public Investment Fund will contribute about $10 billion, and Qatar Investment Authority and L’imad Holding Co. in Abu Dhabi have also made commitments.
It is said that the deal includes assets such as HBO and CNN. It is currently undergoing regulatory review in Europe, and the earliest it could close is July.
Disclaimer: The content and data in this article have been compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.