Ellisons invest $17 billion in Warner-Paramount-Skydance merger

David Ellison and family invested $17 billion, buying 1.4 billion shares at $12 each, as part of a $110 billion merger combining Warner Bros. Discovery, Paramount, and Skydance. Middle Eastern sovereign funds added $24 billion, RedBird Capital $4 billion, and Shinsegae $1 billion. The deal closed October 6, 2026. Skydance stock fell 9% post-merger.