Middle Eastern Sovereign Wealth Funds Pump Eye-Watering Sums Into $111B Paramount-Skydance Acquisition of Warner Bros. Discovery

Netflix has stepped back from its bid to acquire Warner Bros. Discovery, opening the door for Paramount Skydance to take control in a deal valued at $111 billion. The announcement comes after a heated bidding war between two media giants. According to CNN, Netflix called the deal “no longer financially attractive” after Paramount Skydance raised...