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business22h ago
Will Middle Eastern oil nations end up owning part of CBS, HBO, CNN — and Hollywood?
- The Ellison-led bid to buy Warner Bros. Discovery may be financed with Middle Eastern sovereign wealth funds.
- Variety and Bloomberg report Middle East funds could back a combined Paramount/WBD deal.
- Paramount says the deal could keep ownership broadly American while including foreign input.
- The story notes potential public pushback over foreign government control of a major media giant.
- Ellison and family connections to Donald Trump influence perceptions of the bid.
- The deal landscape features competition from Netflix and Comcast for WBD.
- Pressure points include governance issues if foreign funds back a U.S. media giant.
- Saudi Arabia's wealth fund already has stakes in major technology and gaming firms.
- The coverage cited by Variety and Bloomberg intensifies the scrutiny around foreign funding.
- The commentary reflects broader debate about financial backers vs. content control.
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