Paramount Skydance is finalizing nearly 24 billion dollars in financing from Gulf sovereign wealth funds to support its 110 billion dollar acquisition of Warner Bros. Discovery.Saudi Arabia's Public Investment Fund leads the investment with 10 billion dollars as the deal faces scrutiny from US lawmakers over foreign ownership of media networks.Executives expect the merger of major assets like
CNN and
CBS to close by the third quarter once shareholders and regulators in the US and Europe approve the transaction.