Paramount Confirms Middle East Funds Are Backing Its Warner Bros. Discovery Buy
By Tony Maglio
Published on April 7, 2026.
Paramount Skydance has confirmed that Middle Eastern funds are partially funding its acquisition of Warner Bros. Discovery. The capital is from Saudi Arabia’s PIF (public investment fund), L’Imad, an Abu Dhabi sovereign wealth fund, and QIA, a Qatar Investment Authority fund. The Ellison family, RedBird Capital and LionTree Investment Fund are also among the equity stakeholders. Paramount believes this diversification of its shareholder base, potential for strategic and commercial opportunities with the various Equity Syndication Parties, and the value of the Warrants described below will enhance long-term shareholder value. The Subscription Agreements and Ellison Guarantee remain in full force and effect on their original terms.
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