# Paramount Skydance, led by David Ellison, has received commitments of nearly $24 billion to back its takeover of Warner Bros.

*business · news · 2026-04-06 · Variety*

## Key points

- Paramount Skydance secured nearly $24 billion from three Middle Eastern sovereign wealth funds for its WBD bid.
- Saudi Arabia’s Public Investment Fund is providing about $10 billion, with Qatar and Abu Dhabi supplying the rest.
- Tencent, previously dropped due to foreign ownership concerns, has rejoined the deal with new funding.
- Middle Eastern funds agreed to forgo governance rights, aiming to avoid CFIUS jurisdiction over the deal.
- Paramount expects no FCC review since each fund will own far less than 25% of the combined company.

**Companies:** Warner Bros. Discovery, Paramount Skydance
**Countries:** Saudi Arabia, Qatar, United Arab Emirates, United States

[Read the full story on Variety](https://variety.com/2026/film/news/paramount-skydance-funding-saudi-arabia-qatar-abu-dhabi-funds-warner-bros-deal-1236709251/)

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