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

By Todd Spangler

Todd Spangler

NY Digital Editor

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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 Dhabi providing the remainder of the $24 billion, the Journal reported, citing anonymous sources.

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