ABU DHABI (Reuters) -- Paramount Skydance's addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment industries.
Saudi Arabia's Public Investment Fund, Abu Dhabi's L'imad Holding Company, and the Qatar Investment Authority have agreed to back the deal, Paramount said Monday.
Paramount also has backing from Affinity Partners, started by Jared Kushner, which has investments from funds in Qata
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