Bank of America (BAC), Citigroup (C), and Apollo Global (APO) are each providing the debt commitment for Paramount Skydance’s (PSKY) hostile takeover bid for Warner Bros. Discover (WBD), Aaron Weinman of Bloomberg reports, citing filings. Additionally, RedBird Capital and Larry Ellison have agreed to backstop the $40.7B of equity, which will be provided by Saudi Arabia’s Public Investment Fund, the Qatar Investment Authority, Abu Dhabi’s L’imad Holding Company PJSC and Jared Kushner’s Affinity Partners.
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