Senate Democrats Press FCC Chair For Scrutiny Of Potential “Unprecedented Influence” By Foreign Government Investors In Paramount-WBD Deal

As Paramount seeks approval from an array of antitrust authorities for its acquisition of Warner Bros. Discovery, Democrats are turning to another front in their opposition: The foreign investors in the transaction. 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 […]