Paramount shares soar 11% as $24 billion Middle East funds confirm support for WBD takeover

Paramount’s shares surged nearly 11% on Tuesday following confirmation of a $24 billion investment from Middle Eastern sovereign wealth funds to support its $110 billion acquisition of Warner Bros. Discovery, according to Deadline. The investment reflects renewed market confidence as Paramount’s stock had dropped 20% earlier in 2026, closing at $10.90 with increased trading volume.

The funding comes from sovereign wealth funds based in Saudi Arabia, Qatar, and Abu Dhabi, which signed syndication agreements with Paramount Skydance, the entity leading the takeover bid, as disclosed in a company SEC filing reported by Variety. Paramount cited the potential for strategic and commercial opportunities stemming from this diversified shareholder base that could enhance long-term shareholder value, Deadline also noted.

In addition to the Gulf state funds, Chinese tech giant Tencent is reportedly contributing to the $24 billion funding package, as outlined by Techdirt. Despite concerns about foreign influence in U.S. media and possible regulatory scrutiny, sources say U.S. regulators appear unlikely to intervene in the deal, though legal challenges from state attorneys general remain possible.

The involvement of Middle Eastern investors marks a notable shift in global media ownership interest, with Hollywood Reporter highlighting growing appetite from the region’s sovereign wealth funds for media industry investments. Discussions have been ongoing for several weeks, solidifying their role in backing financier David Ellison’s acquisition effort.

Looking ahead, the confirmed funding substantially strengthens Paramount’s position in completing the Warner Bros. Discovery deal, with regulatory approvals reportedly already in place, according to Deadline. Market watchers will be monitoring any legal challenges or additional regulatory reviews that could affect the transaction’s timeline and its implications for media consolidation in the U.S.