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Shinsegae invests $1 billion in Paramount-Warner deal
Shinsegae invests $1 billion in Paramount-Warner deal SEOUL, October 07 (AJP) - Shinsegae Group is investing $1 billion in the acquisition of Warner Bros. Discovery by Paramount Skydance. The deal marks a major push by the South Korean retail group into the global entertainment business. The investment, worth about 1.36 trillion won, will be made through an offshore investment vehicle that will acquire shares issued in connection with the transaction. Shinsegae said the move is aimed at combining global entertainment content with its r October 7, 2026