Paramount-Warner Bros. Discovery Will Be 38.5% Owned by Middle Eastern Funds Following Close: Filing

By Todd Spangler

Todd Spangler

NY Digital Editor

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Paramount Skydance said the merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors, with about 38.5% of the equity in the new company held by a trio of Middle Eastern funds.

In a filing Monday with the FCC, Paramount said Saudi Arabia’s Public Investment Fund will have a 15.1% equity stake; the United Arab Emirates’ sovereign wealth fund will own 12.8% equity; and the Qatar Investment Authority will own 10.6% equity. Paramount has previously said foreign investors backing its WBD takeover will not have board seats or voting shares.

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