Paramount Skydance rejected a report that it’s working with a consortium of Middle Eastern sovereign wealth funds on a $71 billion offer for Warner Bros. Discovery, calling it “categorically inaccurate.”

Variety reported on Tuesday that David Ellison’s Paramount Skydance is putting together the massive bid in conjunction with Saudi Arabia’s Public Investment Fund, the Qatar Investment Authority and the Abu Dhabi Investment Authority, citing anonymous sources with knowledge of the matter.

“The information Variety published is categorically inaccurate,” a rep for Paramount said in a statement to The Post. “This is a confidential process, which we respect and, as such, will not be commenting until the process is over.”

The offer, which would value WBD at about $28.65 a share based on the

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