Paramount Seeks FCC Approval for Increased Foreign Ownership in Warner Bros. Discovery Deal
Paramount Skydance has requested the FCC to approve increased foreign ownership in its $81 billion merger with Warner Bros. Discovery, which would involve funding from Middle Eastern royal families. The request aims to bypass U.S. regulations that limit foreign ownership in media companies to 25%. The FCC has initiated a review of the petition.
Tickers: $WBD
Topics: FCC approval foreign ownership merger Paramount Warner Bros. Discovery