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RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover
The new funding lifts RedBird’s total equity backing to $6 billion as the $110 billion merger closes and the Ellison family keeps voting control.
Summary by Variety
4 Articles
4 Articles
RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover
RedBird Capital Partners, led by Gerry Cardinale, invested $4 billion into Paramount's deal to merge with Warner Bros. Discovery, the biggest Hollywood M&A deal in history, a source familiar with the deal confirmed to Variety.
·Los Angeles, United States
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RedBird Cardinal Paramount: the patron of Milan and Toulouse worked alongside the Ellison family
Source: RedBird contributed $4B in new equity financing to help fund Paramount's WBD acquisition, bringing its total contribution to $6B (Christopher Palmeri/Bloomberg)
Christopher Palmeri / Bloomberg: Source: RedBird contributed $4B in new equity financing to help fund Paramount's WBD acquisition, bringing its total contribution to $6B — RedBird Capital Partners contributed $4 billion in new equity financing to fund Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc. …
Coverage Details
Total News Sources4
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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