Middle Eastern Funds Back $24B Warner Brothers Bid

Three Middle Eastern investment funds, including Saudi Arabias Public Investment Fund, Qatar Investment Authority, and Abu Dhabis Limad Holding Company, have agreed to provide twenty-four billion dollars to finance a bid for Warner Brothers Discovery. This significant financial backing highlights a growing trend of Middle Eastern entities playing a major role in global finance. The regions overall exposure to this deal is likely even larger when considering its deep ties to the private equity firms behind the bid, such as Apollo Global Management and Affinity Partners, led by Jared Kushner. This latest move reinforces a years-long trend where regional entities are emerging as major bankers to the world.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.