Paramount Might Use Middle Eastern Oil Money to Finance Deal for WBD

A deal to combine Paramount and Warner Bros. Discovery would create a media behemoth. And that behemoth could be partially owned by the governments of Saudi Arabia, Qatar, and Abu Dhabi.So says Variety, reporting that David and Larry Ellison, who own Paramount and are bidding to buy WBD, are using money from those countries' sovereign wealth funds to finance their proposed deal. If that story sounds familiar, there's a good reason: In November, Variety reported more or less the same thing — which prompted ...