Paramount Skydance’s $110 billion bid to acquire Warner Bros. Discovery secured major financial support from Gulf sovereign wealth funds. A consortium including Saudi Arabia’s Public Investment Fund, Abu Dhabi’s L’imad Holding Company, and the Qatar Investment Authority will contribute $24 billion. Reports on March 7 confirmed the joint financial commitment.
Paramount Skydance’s $31-per-share offer emerged as the winning bid in late February. The proposal defeated a competing acquisition attempt from Netflix.
The capital infusion signals strong international confidence in the merger's potential. The deal is expected to close in the third quarter of 2026.