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Shinsegae Property to invest $1 billion in Paramount Skydance's Warner Bros. Discovery acquisition
The Korean conglomerate Shinsegae Group announced that its real estate arm, Shinsegae Property, will invest alongside Paramount Skydance Chairman and CEO David Ellison and US investment firm RedBird Capital Partners. This $1 billion investment aims to bring blockbuster franchises into Shinsegae's shopping malls, planned theme park, and membership programs, as the group seeks growth beyond retail. The deal is expected to close on Tuesday.
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