EU Investigates $24 Billion in Middle Eastern Funding Behind Paramount-Warner Bros. Merger
By
Todd Spangler
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
The European Commission has launched an investigation into Paramount Skydance's proposed $111 billion merger with Warner Bros. Discovery, focusing on approximately $24 billion in funding from Middle Eastern sovereign wealth funds (Saudi Arabia, Qatar, and Abu Dhabi). The probe is conducted under the EU's Foreign Subsidies Regulation, with a provisional deadline of July 14 for vetting the deal.
Key quotes
· 2 pulledThe European Commission is investigating the $111 billion Paramount-WBD deal under the EU's Foreign Subsidies Regulation
The EU set a provisional July 14 deadline for vetting the deal under the law
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