Paramount Seeks $24 Billion Sovereign‑wealth Equity to Fund Warner Bros. Discovery Bid

Paramount Global has secured roughly $24 billion in equity from Saudi Arabia’s Public Investment Fund, Abu Dhabi and Qatar sovereign wealth funds to finance its all‑cash $81 billion bid for Warner Bros. Discovery. The PIF alone is contributing about $10 billion, while the Gulf investors have agreed to forgo voting rights and board seats to smooth U.S. regulatory review. The transaction would create one of the largest media conglomerates, positioning the combined company against streaming powerhouses and giving it greater leverage with advertisers and technology partners. Debt financing will cover the remaining purchase price, completing a hybrid funding structure.

Source: Pulse