Paramount Secures $24B Gulf Equity for $81B Warner Bros. Discovery Bid
Paramount has obtained $24 billion from Saudi and Qatari funds to back its $81 billion offer for Warner Bros. Discovery.
Paramount Global has secured $24 billion in equity financing from Middle Eastern sovereign wealth funds to support its $81 billion takeover offer for Warner Bros. Discovery, according to people familiar with the matter.
The funding is expected to come from the Public Investment Fund of Saudi Arabia and the Qatar Investment Authority. This substantial capital commitment bolsters Paramount's all-stock proposal, which values Warner Bros. Discovery at approximately $81 billion, including debt.
The move signals strong interest from Gulf investors in major Hollywood consolidation plays. Paramount's bid, which has been under consideration for months, now has a clearer path to financing, though Warner Bros. Discovery's board has not yet publicly engaged with the proposal.
Representatives for Paramount, PIF, and QIA declined to comment on the reported terms of the equity placement.