EU weighs Paramount-Warner deal as Gulf wealth funds back $24B stake
EU regulators are weighing Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery after three Gulf sovereign wealth funds—Saudi Arabia’s Public Investment Fund, Abu Dhabi’s LIMAD Holding, and Qatar Investment Authority—back roughly $24 billion of the deal, triggering a review under the EU’s Foreign Subsidies Regulation with a decision due by Sunday. The move adds to separate investigations in California, the U.K., and U.S. DOJ clearance requirements, while Hollywood professionals warn the merger could further consolidate the media landscape.