hollywood billions

Paramount Skydance seeks $24B from Gulf funds to buy Warner

Saudi Arabia’s Public Investment Fund, Abu Dhabi's L’imad and the Qatar Investment Authority are backing the deal, The Wall Street Journal reports.

Cheng Xin/Getty Images

Warner Bros. Discovery logo

Paramount Skydance is looking to secure almost $24 billion from Gulf sovereign wealth funds backing its takeover of Warner Bros. Discovery, including about $10 billion from Saudi Arabia’s Public Investment Fund.

Abu Dhabi-based L’imad Holding and the Qatar...