Variety
·entertainment
·3 hours ago
Paramount-Warner Bros. Discovery secures 38.5% ownership from Middle Eastern funds
Paramount-Warner Bros. Discovery will be 38.5% owned by Middle Eastern funds after a recent filing, with Saudi Arabia’s Public Investment Fund holding a 15.1% stake. The combined entity’s foreign investment totals nearly $24 billion. The deal requires approval from the U.S. Justice Department and European regulators before finalization.
Summary by Glance · Variety
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