Paramount Skydance has disclosed in an FCC filing that nearly half, specifically 49.5%, of the combined Paramount-Warner Bros. Discovery entity will be under foreign ownership. A substantial portion of this, approximately 38.5% of the new company’s total equity, will be held by three prominent Middle Eastern investment funds.<\/p>\n
Detailing the breakdown, Saudi Arabia’s Public Investment Fund is set to acquire a 15.1% equity stake. Following this, the United Arab Emirates\u2019 sovereign wealth fund will hold 12.8%, and the Qatar Investment Authority will secure 10.6%. The remaining 11% of the foreign ownership is attributed to existing investors within Paramount Skydance and\/or RedBird Capital.<\/p>\n
The filing further reveals that David Ellison, along with his father Larry Ellison, and RedBird Capital Partners, will maintain the largest equity stake and retain full control over shares with 100% voting power. Paramount is also seeking “advance approval” for these entities to potentially increase their equity and\/or voting interests in Paramount up to 20% in the future.<\/p>\n
This development comes after Warner Bros. Discovery shareholders overwhelmingly approved the $111 billion sale to Paramount last week. The merger, however, still awaits final approval from European regulatory bodies.<\/p>\n
#Paramount #WarnerBrosDiscovery #Merger #MiddleEastInvestment #ForeignInvestment #SaudiArabia #UAE #Qatar #MediaAcquisition #EntertainmentIndustry<\/p>\n","protected":false},"excerpt":{"rendered":"
Paramount Skydance has disclosed in an FCC filing that nearly half, specifically 49.5%, of the combined Paramount-Warner Bros. Discovery entity will be under foreign ownership. A substantial portion of this, approximately 38.5% of the new company’s total equity, will be held by three prominent Middle Eastern investment funds. Detailing the breakdown, Saudi Arabia’s Public Investment […]<\/p>\n","protected":false},"author":2,"featured_media":11753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-11752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east-news"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/11752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11752"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/11752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}