RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover

By Todd Spangler

Todd Spangler

NY Digital Editor

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• RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover 42 minutes ago
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RedBird Capital Partners, led by Gerry Cardinale, invested $4 billion into Paramount’s deal to merge with Warner Bros. Discovery, the biggest Hollywood M&A deal in history, a source familiar with the deal confirmed to Variety.

RedBird had already invested $2 billion in David Ellison’s Skydance Media for its takeover of Paramount Global, a deal that closed in August 2025. The additional funding brings RedBird’s investment into the Ellisons’ media holdings to a total of $6 billion. RedBird had committed to backing Paramount’s bid for Warner Bros. Discovery but the amount had not been disclosed.

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