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Paramount-Warner Bros. Discovery Merger Clears FCC Foreign Ownership Review
The FCC Paramount’s proposed merger with Warner Bros. Discovery cleared an FCC review of its foreign ownership stake.
AI Summary
The FCC approved Paramount’s proposed merger with Warner Bros. Discovery after reviewing the deal’s foreign‑ownership structure. Paramount disclosed that the combined company would have 49.5% foreign ownership, with investment funds from Saudi Arabia, Qatar and Abu Dhabi accounting for 38.5% of that stake. Because any foreign ownership exceeding 25% requires agency sign‑off, Paramount had petitioned the FCC for approval, which was granted.
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