Paramount is now trying to buy Warner Bros. Discovery with the help of investors from Saudi Arabia and other Middle Eastern funds. Their latest offer is around $71 billion, which is $1 billion more than a previous bid made by Comcast and Saudi investors.
This follows months of negotiations where Warner Bros. Discovery (WBD) leaders, including CEO David Zaslav, turned down several offers from Paramount, including one worth $60 billion.
Paramount Skydance Raises The Bid To $71 Billion
According to Variety, David Ellison’s Paramount Skydance is partnering with investment funds from Saudi Arabia, Qatar, and Abu Dhabi. Together, they’re planning a significant all-cash offer to buy Warner Bros. Discovery (WBD).
Each of the three funds will contribute $7 billion, for a total of $21 billion. Additionally, Paramount Skydance will contribute $50 billion, bringing the overall offer to $71 billion.
This decision comes after Warner Bros. Discovery’s board turned down a previous offer of $23.50 per share from Larry Ellison. WBD has given potential buyers until November 20th to make their first offers, and Paramount, Comcast, and Netflix are all anticipated to participate.
Middle East Deals Add Pressure To Comcast
Saudi Arabia is increasing its influence as the media world changes to reflect political and strategic goals. Recent events include a meeting between Saudi Crown Prince Mohammed bin Salman and President Trump, as well as a trip by Comcast’s Brian Roberts to Riyadh. Roberts attended a conference hosted by Saudi Arabia’s Public Investment Fund and explored the possibility of building a Universal theme park in the Qiddiya development.
According to a source at Variety, Saudi Arabia is unlikely to support a bid from Comcast. This is reportedly because the Trump administration doesn’t favor Comcast CEO Brian Roberts, primarily due to the political slant of news coverage on MSNBC and MS NOW.
Okay, so I’m hearing from a source that the Saudis aren’t planning on getting involved if Comcast tries to buy Warner Bros. – just the movie and streaming side, not the TV channels. Apparently, they believe the Trump administration really doesn’t care for Comcast’s CEO, Brian Roberts, and that’s a major reason why they’re staying away. It’s all about political feelings impacting potential business deals, which, honestly, doesn’t surprise me in this industry.
Paramount’s offer allows each of the three Middle Eastern investment funds access to valuable perks – including intellectual property rights, a movie premiere, and the chance to film on location. An insider described this as a strategic move to boost the funds’ reputation and influence.
Ellison Makes His Move As Deadline Approaches
The Ellison-led consortium is now positioned as the highest reported bidder so far.
As a movie fan, I’m really watching Warner Bros. Discovery right now. They’ve got a big decision to make by November 20th, and it’s going to seriously shape the future of the company. Basically, they’ve got three options on the table: a partnership with Paramount and Saudi investors, being bought out by Comcast, or even being taken over by Netflix. It’s a huge moment, and I’m curious to see which path they choose!
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2025-11-18 22:01