Sen. Elizabeth Warren (D-MA) and three other Democratic lawmakers again are pressing Treasury Secretary Scott Bessent to conduct a foreign ownership review of Paramount‘s proposed merger with Warner Bros. Discovery.
Such a review — via the Committee on Foreign Investment in the United States, which Bessent chairs — would add an additional regulatory hurdle for 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 Dhabi. Paramount has petitioned the FCC to sign off on the foreign investment, as any foreign ownership stake above 25% requires agency approval.
Comments
No comments on this item Please log in to comment by clicking here