FCC Clears Paramount Warner Foreign Stake
The FCC has approved foreign investment for the Paramount and Warner Bros Discovery merger while barring voting stock. Middle Eastern funds may hold equity stakes under strict non-control terms.
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The Federal Communications Commission approved a PARAMOUNT SKYDANCE CL B request to allow foreign investors to back its $110B acquisition of WARNER BROS DISCOVERY INC while barring them from holding voting stock. The decision cleared a key regulatory hurdle for the media consolidation deal. Democratic senators had raised concerns about Middle Eastern sovereign wealth funds taking stakes in the combined entity.
