Skydance owner David Ellison is trying to buy Warner Bros. with the help of Middle Eastern cash.
Ellison, whose company Skydance took over Paramount in a highly publicized eight billion dollar merger in August, is tapping the sovereign wealth funds of Saudi Arabia, Qatar, and Abu Dhabi, according to Variety.
Warner Bros. CEO David Zaslav is reviewing a second round of offers to sell Warner Bros. Discovery, which includes Warner Bros. Studios, HBO, CNN, and its other TV network properties. Comcast and Netflix are also competing for the sale against Skydance, though the companies are only in it for Warner Bros. studios and the streaming businesses. Ellison hopes to take over the company in its entirety.
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