Paramount’s all-cash bid for Warner Bros. Discovery includes $24 billion from three Middle Eastern sovereign wealth funds. That number was buried in a SEC filing the company released on Monday.
In total, Paramount’s bid includes a $11.8 billion commitment from the Ellison family, $24 billion from “three sovereign wealth funds from the Gulf” and $1 billion from the Chinese technology company Tencent. There are also commitments from RedBird Capital Partners and Jared Kushner’s Affinity Partners.
More to come …

