Democratic senators raise alarm over foreign investment in Paramount, Warner Bros merger

WASHINGTON — A group of six Democratic senators have expressed serious concerns about planned foreign ownership interests, including from Gulf sovereign ​wealth funds, in the proposed $111 billion Paramount-Warner Bros Discovery merger.

Last month, Paramount Skydance asked ‌the Federal Communications Commission (FCC) to approve foreign investments backing its acquisition of Warner Bros Discovery. The senators raised concerns about Middle Eastern sovereign wealth funds and Chinese companies taking part.

"Foreign governments hostile to a free and independent ​press could exert unprecedented influence over a media conglomerate vital to American journalism and ​culture," said a letter signed by Senators Maria Cantwell, Ed Markey, Ben Ray ⁠Lujan and others to FCC Chair Brendan Carr, seen by Reuters and sent late on Wednesday.

Click here to read more.