"We haven't syndicated anything at this time. We do expect to syndicate with strategic, domestic, and foreign investors. But at the end of the day, that alchemy shouldn't matter because it'll be done in the right way."
"I think we want to be a global company. You look at the assets that we have, and I think having global capital and global perspectives is actually a positive thing for the business."
Paramount previously announced plans to use $24 billion from Saudi Arabia, Abu Dhabi, and Qatar sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery. The company has not confirmed whether it will proceed with this funding arrangement. RedBird Capital Partners, which is backing the deal alongside the Ellison family, indicated that foreign investment from Gulf states would be beneficial. The $47 billion equity commitment will be backstopped by the Ellison family and RedBird, with the remaining $81 billion financed through debt. Paramount intends to syndicate portions of its equity commitment to strategic domestic and foreign investors.
#paramount-wbd-acquisition #gulf-state-investment #media-financing #sovereign-wealth-funds #private-equity
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