RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover

RedBird Capital Partners, led by Gerry Cardinale, invested $4 billion into Paramount’s deal to merge with Warner Bros. Discovery, the biggest Hollywood M&A deal in history, a source familiar with the deal confirmed to Variety. RedBird had already invested $2 billion in David Ellison’s Skydance Media for its takeover of Paramount Global, a deal that