Speculations circulating online that Saudi Arabia’s sovereign wealth fund may make an unexpected bid for Warner Bros., a major American media company. Discovery, as Crown Prince Mohammed bin Salman is set to make an appearance at the White House. It would compete with Paramount-Skydance, Netflix, and Comcast in a bid to purchase the $57 billion business.
One of the largest media companies in the United States is Warner Bros. Discovery. In addition to owning several well-known news and entertainment brands, such as CNN, HBO, the Discovery Channel, and TNT Sports, it also holds the rights to famous DC Comics and Harry Potter titles.
There have been rumors that Comcast and the Saudi Public Investment Fund may make a joint proposal after Comcast CEO Brian Roberts visited Saudi Arabia last month. Throughout his visit to the nation, Roberts allegedly visited the PIF-led Qiddiya tourism megaproject and met with PIF executives.
Controlled by the son of tech tycoon Larry Ellison, who supports Trump, Paramount Skydance had its initial bid rejected but is anticipated to make an additional proposal before the November 20 deadline. In an effort to diversify the kingdom’s economy under MBS’s Vision 2030 plan, the PIF has recently invested billions in the worldwide entertainment industry.
Before MBS’s first official visit to the US in eight years, where he is anticipated to discuss strengthening economic and tech ties with US President Donald Trump, there are rumors of a possible Warner Bros. bid. Trump will want to advance MBS’s pledge to spend up to $600 billion in the US, which was made during the US president’s July visit to the kingdom.
