A relatively new state-owned Abu Dhabi investor is backing Paramount Skydance Corp.’s hostile takeover bid for Warner Bros. Discovery Inc.
L’imad Holding Co., a company wholly owned by the oil-rich emirate’s government, is among financing partners supporting the Paramount bid, according to a regulatory filing Monday. Two other Middle Eastern sovereign funds — Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority — are also backing the offer alongside Jared Kushner’s private equity firm Affinity Partners.
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