Paramount Skydance Confirms Investments by Middle Eastern Wealth Funds for Warner Bros. Deal, Cites ‘Potential for Strategic and Commercial Opportunities’ With Them

Company says equity syndication deal with Saudi Araba, Abu Dhabi and Qatar wealth funds is 'an important milestone' in Warner Bros. Discovery transaction

By Todd Spangler

Todd Spangler

NY Digital Editor

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• Paramount Skydance Confirms Investments by Middle Eastern Wealth Funds for Warner Bros. Deal, Cites ‘Potential for Strategic and Commercial Opportunities’ With Them 58 minutes ago
• Trump Says Journalist at an Unnamed News Outlet ‘Will Go to Jail’ Unless They Reveal Source of Details on U.S. Fighter Jet Crew Member in Iran 18 hours ago
• Paramount Skydance Secures $24 Billion From Saudi Arabia, Qatar and Abu Dhabi Funds for Warner Bros. Deal 1 day ago

David Ellison’s Paramount Skydance on Tuesday confirmed that it has brought on the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi as investors in connection with its Warner Bros. Discovery takeover bid.

In an SEC filing, Paramount said that it “believes the successful Equity Syndication” agreement with the trio of Middle Eastern funds — as well as LionTree — marks “an important milestone in the WBD transaction process, and that the resulting diversification of its shareholder base, the potential for strategic and commercial opportunities with the various Equity Syndication Parties, and the value of the Warrants described below, enhance long-term shareholder value.”

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