According to informed sources, Paramount has secured equity commitments totaling nearly $24 billion from three sovereign wealth funds led by Saudi Arabia, to support its acquisition of Warner Bros. Discovery.

In the transaction led by David Ellison, son of Oracle co-founder and billionaire Larry Ellison, the Saudi Public Investment Fund (PIF) has agreed to contribute approximately $10 billion of the nearly $24 billion total.

Sources indicate that, in addition to the Saudi Public Investment Fund, the Qatar Investment Authority and Abu Dhabi's Mubadala Investment Company have also made separate funding commitments.

The three Gulf funds have agreed to support Paramount's $81 billion acquisition of Warner Bros. Discovery. The funding agreements from these Middle Eastern funds coincide with increased economic and political turbulence in the region due to conflicts involving the United States, Israel, and Iran.

In February of this year, Paramount announced its intention to acquire Warner Bros. Discovery, which owns properties including HBO, CNN, and the Harry Potter IP. According to other sources, the deal is still pending approval from European regulators. Paramount executives have informed employees that the transaction could be completed as early as the end of July.