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flag Paramount Skydance shares surged after Middle Eastern funds pledged $24B for a potential Warner Bros. Discovery merger.

flag Paramount Skydance shares surged Tuesday after reports of a $24 billion equity commitment from Middle Eastern sovereign wealth funds to support a potential acquisition of Warner Bros. flag Discovery. flag The deal, led by Saudi Arabia’s Public Investment Fund, marks a major step forward in the proposed $81 billion to $110 billion merger.

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