Paramount Skydance's full bid is buoyed by funding from Saudi Arabia’s PIF, alongside Qatari and Abu Dhabi.
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Warner Bros. Discovery has confirmed it is officially up for sale.
The company still plans to divide its streaming, studio, and cable operations into two publicly traded entities by mid-2026.
'We want to be a top three player. We can get there and we will get there.'
The move could reshape the global media and streaming landscape.
