RedBird Capital Partners invests $4 billion in Paramount Warner Bros merger
RedBird Capital Partners provided $4 billion in new equity financing to fund the closing of Paramount's takeover of Warner Bros Discovery.
Total investment reaches six billion
The additional funding brings RedBird's total commitment into the combined company to $6 billion. This initial investment included a previous $2 billion contribution made earlier in the process.
Merger creates massive media colossus
David Ellison's Paramount completed its $110 billion acquisition of Warner Bros Discovery on Tuesday. The deal combines two legacy film studios with extensive TV networks and streaming services to compete against major rivals.
Investors include state funds
A larger group of investors now backs the merger alongside RedBird and Oracle founder Larry Ellison. These backers include Saudi Arabia's Public Investment Fund, the Qatar Investment Authority, and the Abu Dhabi Investment Authority.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- The Hollywood Reporter
- Variety
Reported by
2 independent outlets. Headlines as published. Links open the original report.