Going Hostile

Abu Dhabi’s L’imad joins Paramount backers in Warner Bros. bidding war

David Ellison’s Paramount makes new $108 billion offer, backed by Gulf sovereign funds, including little-known Abu Dhabi state investment vehicle.

Ethan Swope/Bloomberg via Getty Images

Warner Bros. Studios in Burbank, California.

Little-known Abu Dhabi state investment vehicle L’imad Holding Co. has joined the fray in the Warner Bros. bidding war, backing a new $108 billion hostile offer from David Ellison’s Paramount, along with Saudi Arabia’s Public Investment Fund, the Qatar Investment...