Paramount's rival bid draws UAE support

Abu Dhabi’s L'imad Holding Co., a firm wholly owned by the government of Abu Dhabi, is part of the group of Middle Eastern investors providing financing for Paramount Skydance Corp.'s offer to acquire Warner Bros.

- BY JUSTIN VARGHESE

Discovery Inc., a US SEC regulatory filing showed.L'imad, one of the Abu Dhabi's newer state investment vehicles, expanded its visibility in recent months, emerging as the controlling shareholder of Modon Holding after purchasing major blocks of shares from IHC., according to UAE exchange disclosures. Its involvement in the Paramount Skydance financing marks an early move into international transactions as Abu Dhabi continues to broaden its investment platforms beyond its long-established sovereign funds.

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