Trump’s Billionaire Pal Using Saudi Cash to Buy Rival Studio

Skydance owner David Ellison is trying to buy Warner Bros. with the help of Middle Eastern cash.

Ellison, whose company Skydance took over Paramount in a highly publicized eight billion dollar merger in August, is tapping the sovereign wealth funds of Saudi Arabia, Qatar, and Abu Dhabi, according to Variety.

Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. / Patrick T. Fallon / AFP

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