Billionaire Larry Ellison isn’t the only one financially backing the Paramount Skydance takeover of Warner Bros. Discovery. The deal, which is being led by his son, Paramount CEO David Ellison, will also be supported by funding from three Gulf states, with billions of dollars expected to swell Paramount’s coffers. In a new filing with the Federal Communications Commission (FCC), Paramount has revealed that the soon-to-be-merged company will be nearly half-owned by foreign investors if the transaction is allowed to go forward by federal regulators.
Key Details: Who’s in charge?: Paramount will be 49.5% foreign-owned if its WBD deal is approved. Major investment: Abu Dhabi, Qatar, and Saudi Arabia have contributed $24 billion in funding to the deal. Won’t be popular: The reveal is likely to stir further resistance from Hollywood. 
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In a filing seeking approval of a foreign ownership stake, Paramount disclosed
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