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Warner Bros. Discovery Bid Drama Unfolds as Paramount Denies Middle Eastern Funding
Warner Bros. Discovery Bid Drama Unfolds as Paramount Denies Middle Eastern Funding
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BTCCSquare news:
Warner Bros. Discovery's acquisition saga took a sharp turn as Paramount Skydance publicly refuted claims of Middle Eastern sovereign wealth fund involvement in its bid. The denial sent WBD shares tumbling 3% in late trading, underscoring market sensitivity to deal dynamics.
Earlier reports suggested Paramount had secured $21 million from Arab investors to supplement its $50 million offer. "The information published is categorically inaccurate," a Paramount spokesperson stated, emphasizing confidentiality around the ongoing process. With bidding deadlines imminent, the entertainment giant's fate now hinges on rapidly unfolding developments.
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