NewzRedBird Capital Partners, led by Gerry Cardinale, has invested $4 billion to help fund Paramount's acquisition and merger with Warner Bros. Discovery, marking the largest Hollywood M&A deal in history. A source familiar with the transaction confirmed the funding to Variety.
This latest capital injection builds on a prior $2 billion investment RedBird previously made in David Ellison’s Skydance Media. With the new $4 billion commitment, RedBird's total investment in the transaction reaches $6 billion.
As a result of these financial commitments, RedBird stands alongside the Ellison family as one of the two primary investors controlling Paramount's voting stock.
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