US EditionThree Gulf Funds Agree to Back Paramount’s $81 Billion Takeover of Warner, WSJ Reports
Saudi Arabia’s public fund is set to contribute about $10 billion as Paramount lines up equity backing for an all-cash takeover.
- On Sunday, The Wall Street Journal reported Paramount Skydance is finalizing nearly $24 billion in equity commitments from three sovereign wealth funds led by Saudi Arabia to back its takeover of Warner Bros Discovery.
- The Saudi Arabia Public Investment Fund agreed to contribute roughly $10 billion toward the $81 billion equity value, aimed at offsetting substantial costs for Paramount and its stakeholders in the proposed merger.
- To minimize scrutiny from United States authorities, Paramount executives structured the agreement so Gulf backers will forgo voting rights and board seats in the combined entity.
- The talks involving Qatar Investment Authority and Abu Dhabi's Holding may result in a signed agreement as soon as Monday, while Warner Bros Discovery scheduled an April 23 shareholder vote on the sale.
- Combining Paramount and Warner Bros Discovery creates a formidable player in an industry dominated by streaming giants, as Saudi Arabia, the United Arab Emirates, and Qatar invest heavily in media to diversify their economies.
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Paramount secures $24B from Gulf wealth funds as Warner Bros. deal seeks regulatory approval: report
Paramount’s Ellison family has signed deals to receive nearly $24 billion from three Saudi wealth funds to help back its acquisition of Warner Bros. Discovery, according to a report Monday.
Paramount Secures $24 Billion Commitment From Middle East Sovereign Wealth Funds for Warner Bros. Deal
Paramount has secured signed equity commitments from three Middle Eastern sovereign wealth funds for close to $24 billion to help finance its $110 billion deal to acquire Warner Bros. Discovery, according to the Wall Street Journal. Saudi Arabia’s Public Investment Fund has agreed to provide roughly $10 billion of the total, per the outlet. Other Middle East investors include the Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co. Repr…
Paramount Skydance Secures $24 Billion From Saudi Arabia, Qatar and Abu Dhabi Funds for Warner Bros. Deal: Report
Paramount Skydance 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.
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