Paramount Skydance Stock Jumps 9% on $24B Gulf Funding for Warner Bros Takeover Bid

Source: International Business Times

Paramount Skydance Corp. shares surged nearly 9% in morning trading Tuesday as the newly formed media giant moved closer to securing $24 billion in equity commitments from Middle Eastern sovereign wealth funds to finance its ambitious $81 billion to $110 billion takeover of Warner Bros. Discovery, a deal that could reshape Hollywood and the global streaming landscape.