Fox News’ Charles Gasparino said via X, “From $PSKY– ‘The information Variety published is categorically inaccurate. This is a confidential process, which we respect and, as such, will not be commenting until the process is over.'” Variety reported earlier that Paramount Skydance (PSKY) had formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a bid for Warner Bros. Discovery (WBD). According to sources, each of the funds would put up $7B for a total of $21B, while Paramount Skydance would front $50B for a total $71B offer.
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