The FCC has approved Paramount Skydance's petition to exceed the 25% foreign ownership limit, allowing sovereign wealth funds from Saudi Arabia, UAE, and Qatar to collectively invest $24 billion for a 49.5% indirect equity stake. The decision comes amid the broader $111 billion Paramount-Warner Bros. Discovery merger, which faces ongoing legal challenges from US states despite DOJ approval.
Background
The FCC enforces a 25% foreign ownership cap on broadcast license holders under Communications Act Section 310(b). Paramount is pursuing a landmark $111 billion acquisition of Warner Bros. Discovery, partially financed through Middle Eastern sovereign wealth funds.
- Source
- Ars Technica
- Published
- Sep 19, 2026 at 01:57 AM
- Score
- 8.0 / 10