US communications regulator approves foreign investment in Paramount-Warner merger
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Sign up now: Get ST's newsletters delivered to your inbox Paramount said the merger will have the scale and resources necessary to deliver premium content to audiences worldwide. PHOTO: REUTERS Published Sep 18, 2026, 08:00 AM Updated Sep 18, 2026, 08:06 AM AI generated WASHINGTON - The United States Federal Communications Commission (FCC) approved a Paramount Skydance request to allow foreign investors to back its US$110 billion (S$140 billion) acquisition of Warner Bros Discovery, but said they could not hold voting stock. A group of Democratic senators had raised concerns about Middle Eastern sovereign wealth funds taking stakes. In a decision released by the FCC's media bureau on Sept 17, the commission said it was waiving the 25 per cent cap on foreign equity ownership and said individual investors could own up to 20 per cent of the equity. It also said foreign investors can have no voting stock and "will not have any influence, direction, or control over or provide any commentary or guidance on Paramount's content decisions, company management", or access to non-public data on US citizens. Paramount praised the approval and said it followed a review by a US government committee of national security officials known as "Team Telecom" after ensuring that foreign investors will not have access to personal data of US citizens. "A combined Paramount-WBD will have the scale...
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