Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc. is being bankrolled by a list of influential Middle Eastern investors, including Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. Joining them is an Abu Dhabi group that few even in the region have heard of: L’imad Holding Co.
Set up relatively recently, government-owned L’imad is among financing partners supporting the Paramount bid, according to a regulatory filing Monday. The firm has no reported track record of international dealmaking, and its involvement in Paramount Skydance’s attempts to gatecrash Netflix Inc.’s bid marks a rare instance of an Abu Dhabi investor joining a hostile bid.
