From Variety · Gene Maddaus · · 40s
FCC Allows 49.5% Foreign Ownership for Paramount
FCC approves 49.5% foreign ownership in Paramount-Warner Bros. deal.
In brief
FCC approves 49.5% foreign ownership in Paramount-Warner Bros. deal. FCC permits foreign entities to own up to 49.5% of Paramount-Warner Bros. after merger completion, bypassing national security concerns. Originally reported by Variety.
FCC Approval
FCC approved 49.5% foreign ownership for Paramount-Warner Bros.
Paramount's Ownership
Paramount owns 28 tv stations requiring foreign ownership approval.
Foreign Funds
Three gulf state sovereign wealth funds back the acquisition.
National Security
FCC dismissed national security and improper influence concerns.
Foreign Ownership Sources
Foreign funds from saudi arabia, qatar, and abu dhabi will not own voting stock.
What it means
FCC permits foreign entities to own up to 49.5% of Paramount-Warner Bros. after merger completion, bypassing national security concerns.
