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Middle Eastern sovereign wealth funds are set to own 38.5% of Paramount following a $110bn deal with Warner Bros Discovery. According to Arabian Business, Saudi Arabia's Public Investment Fund (PIF) will take a 15.1% stake in the company.
The deal has been structured to ensure that foreign investors can own a substantial share of Paramount without controlling the company, as reported by The Hollywood Reporter.
The reports did not provide further details on the deal's implications or the involvement of other parties.
Brief written by urgent.news from Arabian Business, The Hollywood Reporter, The National Business, The National UAE, Channel News Asia — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Middle East wealth funds to own 38.5% of Paramount in $110bn Warner Bros deal arabianbusiness.com
