Paramount Skydance receives US$24 billion from Arab funds to buy Warner

Saudi Arabia, Qatar and Abu Dhabi will finance part of the Warner Bros. acquisition. Discovery

secured US$24 billion from Middle Eastern sovereign wealth funds to finance the purchase of . Discovery, according to the this Monday (April 6, 2026).

According to the report, the Public Investment Fundyes Saudi Arabiaagreed to contribute around US$10 billion. The rest will come from Q sovereign wealth fundsatar and of Abu Dhabinos United Arab Emirates.

Paramount Skydance is led by businessman David Ellison. The entry of funds reduces the volume of capital required by the entrepreneur Larry Ellisonco-founder of Oracle and David’s father, who had committed to contributing up to US$46.7 billion to make the offer possible.

The Warner Bros. board Discovery accepted Paramount’s proposal in February. The price offered was US$31 per share. THE Netflix He even evaluated the deal, but decided not to present a counteroffer.

The operation still depends on regulatory approvals in the United States. The Warner Bros. shareholder meeting Discovery to vote on the transaction is scheduled for April 23, 2026. The analysis involves bodies such as Federal Communications Commissiono Department of Justice and the Committee on Foreign Investment in the United States