David Ellison’s Paramount Skydance Said to Prep $71 Billion Warner Bros. Discovery Bid With Three Arab Sovereign Wealth Funds

Government

David Ellison ‘s Paramount Skydance is said to be turning to new partners in the Middle East to help back his offer to acquire Warner Bros. Discovery in its entirety. Paramount Skydance has formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a bid for Warner Bros. Discovery, sources told Variety . The bid is being largely backed by the Ellison family (which owns 100% voting control in Paramount Skydance) with involvement from three Arab

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