Three Gulf funds agreed to support Paramount's $81 billion acquisition of Warner Bros. Discovery.

According to informed sources, Paramount has received equity commitments totaling nearly $24 billion led by three sovereign wealth funds from Saudi Arabia, to support its acquisition of Warner Brothers Studios. In this deal led by David Ellison, son of billionaire Larry Ellison, of Oracle Corporation, the Saudi Public Investment Fund has agreed to provide approximately $10 billion out of the nearly $24 billion. In addition to the Saudi Public Investment Fund, the Qatar Investment Authority and the Abu Dhabi Mubadala Holdings Company have also made funding commitments to participate in this transaction.