Paramount Skydance has secured nearly $24 billion in funding commitments to support its planned acquisition of Warner Bros. Discovery. The financial backing comes from three major sovereign wealth funds in the Middle East, according to a report by the Wall Street Journal.
The investment is led by Saudi Arabia’s Public Investment Fund, which has committed approximately $10 billion. Additional capital is being provided by state-controlled funds from Qatar and Abu Dhabi.
This substantial financial package is intended to facilitate the takeover bid for Warner Bros. Discovery. The deal represents a significant consolidation move within the global media and entertainment industry.
The funding underscores the growing influence of Middle Eastern investment vehicles in major international media transactions. Sovereign wealth funds are increasingly active players in high-stakes corporate acquisitions.
David Ellison, who leads Paramount Skydance, is spearheading the acquisition effort. The committed capital provides the necessary resources to advance the proposed merger.
A successful takeover would create one of the world’s largest entertainment conglomerates. It would combine extensive film, television, and streaming assets under a single corporate structure.
The reported $24 billion commitment highlights the scale and ambition of the proposed deal. Final agreements and regulatory approvals would be required before any transaction is completed.