Paramount’s Warners Bid Includes $24 Billion From Middle Eastern Funds, Backing From Jared Kushner’s Affinity Partners

The company’s hostile takeover attempt also includes $1 billion from the Chinese technology company Tencent

David Ellison
CEO of Skydance Media David Ellison speaks onstage during the 2018 Will Rogers Pioneer of the Year Dinner (Credit: Alberto E. Rodriguez/Getty Images for CinemaCon)

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 …

David Ellison
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Paramount's Warners Bid Includes $24 Billion From Middle Eastern Funds, Backing From Jared Kushner's Affinity Partners

Kayla Cobb

Kayla is a senior TV writer at TheWrap, covering the business and content of streaming and linear television. Before joining TheWrap in April of 2023, she was the Senior TV Reporter at Decider, the New York Post’s entertainment vertical that focuses on the streaming industry. Kayla is also a member of the Television Critics Association.

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