FCC Commissioner Calls For “Rigorous” Review Of Foreign Ownership Investment In Paramount’s Proposed Acquisition Of Warner Bros. Discovery

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The sole Democrat on the FCC is calling on the agency to investigate and examine foreign investment in Paramount‘s proposed merger with Warner Bros. Discovery.

Paramount has disclosed that total foreign ownership of the combined company would be 49.5%, including 38.5% from investment funds from Saudi Arabia, Qatar and Abu Dhabi. Paramount has petitioned the FCC to sign off on the foreign investment, as any foreign ownership stake above 25% requires commission approval.

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