sovereign support

Ellison gets support from Gulf funds for Warner Discovery bid

The Saudi Public Investment Fund, Abu Dhabi Investment Authority and Qatar Investment Authority team up with Paramount Skydance

Matt Winkelmeyer/Getty Images for Netflix

David Ellison and Sandra Lynn Modic attend the premiere of Netflix's "America's Team: The Gambler and His Cowboys" at The Egyptian Theatre Hollywood on August 11, 2025 in Los Angeles

The Gulf’s three biggest sovereign wealth funds have all thrown their weight behind Paramount Skydance in the three-way bidding war for Warner Bros. Discovery, the owner of CNN, HBO and DC Comics.

Saudi Arabia’s Public Investment Fund, the Qatar...