No, Paramount isn't bidding for WBD with sovereign wealth funds.
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Paramount has come out with a strong denial that it is forming an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a bid for Warner Bros. Discovery.
It follows a Variety report on a $71b bid being made for WBD:
Variety, citing anonymous sources, previously reported the Ellison family (which owns 100% vot…



