David Ellison’s friends have deep pockets.

Paramount Skydance is buying Warner Bros. While Tencent and Jared Kushner’s private equity firm are no longer contributing to Paramount’s $110 billion bid to buy Warner Bros. Discovery, The Wall Street Journal reports that $24 billion of the proposed deal is still being provided by sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. Posts from this author will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. A free daily digest of the news that matters most. The Verge is a part of PMX Global, LLC, a subsidiary of Penske Media Corporation. © 2026 VM Publishing, LLC. All rights reserved. Sign in to see your notifications or create an account to join