Paramount Skydance Secures $24 Billion from Middle Eastern Funds for Warner Bros. Discovery Bid

Paramount Skydance, led by David Ellison, has reportedly secured nearly $24 billion in commitments from sovereign wealth funds in Saudi Arabia, Qatar, and Abu Dhabi. This funding is intended to back its potential takeover of Warner Bros. Discovery.

6 Apr, 13:29 — 6 Apr, 13:29

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varietyMostly Factual1d ago

Paramount Skydance Secures $24 Billion From Saudi Arabia, Qatar and Abu Dhabi Funds for Warner Bros. Deal

Paramount Skydance, led by David Ellison, has received commitments of nearly $24 billion to back its takeover of Warner Bros. Discovery from three Middle Eastern sovereign wealth funds, the Wall Street Journal reported. Saudi Arabia’s Public Investment Fund (PIF) agreed to provide about $10 billion to Paramount, with the state-controlled funds of Qatar and Abu […]

By Todd Spangler

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Paramount Skydance Secures $24 Billion from Middle Eastern Funds for Warner Bros. Discovery Bid

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Paramount Skydance Secures $24 Billion From Saudi Arabia, Qatar and Abu Dhabi Funds for Warner Bros. Deal

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