business / news / / Variety
David Ellison’s Paramount Skydance on Tuesday confirmed that it has brought on the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi as investors in connection.
Saudi Arabia, Qatar, and Abu Dhabi sovereign wealth funds are investing nearly $24 billion in Paramount Skydance.
KEY POINTS
- Saudi Arabia’s Public Investment Fund is taking a roughly $10 billion stake in the deal.
- The shares issued to these Middle Eastern investors are non-voting and comply with U.S. regulatory requirements.
- If the merger is not closed by September 30, 2026, Paramount will pay WBD shareholders a quarterly ticking fee.
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