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Paramount secures $24B from Gulf wealth funds as Warner Bros. deal seeks regulatory approval: report

Source: nypost.com nypost.com
News Snapshot:

David Ellison-run Paramount Skydance has reportedly signed deals to get nearly $24 billion from three Gulf wealth funds to help back its acquisition of Warner Bros. Discovery. Saudi Arabia’s Public Investment Fund has agreed to provide roughly $10 billion for the mega media merger, while the Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co. have also signed equity commitments with Paramount, the Wall Street Journal reported, citing unnamed sources with knowledge of the matter. The commitments will help offset the costs of the $81 billion deal for Paramount CEO Ellison and his father Larry Ellison, the mega-billionaire co-founder of…

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