Sources: three Gulf sovereign-wealth funds have agreed to commit a total of ~$24B to back Paramount's $81B WBD deal; Saudi Arabia's PIF agreed to provide ~$10B (Wall Street Journal)
Wall Street Journal:
Sources: three Gulf sovereign-wealth funds have agreed to commit a total of ~$24B to back Paramount’s $81B WBD deal; Saudi Arabia’s PIF agreed to provide ~$10B — Commitments from Middle East entities will help offset costs for Ellison family — Paramount has received signed equity commitments …