Is Hollywood’s $111bn megadeal Mission Impossible?

Now comes the hard part for David Ellison’s audacious deal to combine Paramount and Warner Bros Discovery

Democratic Senators Demand FCC Conduct Foreign Investment Review of Paramount-Warner Bros. Deal Over Backing by Middle Eastern Funds, China’s Tencent

The FCC must conduct a “thorough review” of the foreign investors backing Paramount Skydance’s $111 billion proposed deal to acquire Warner Bros. Discovery, seven Democratic senators said in a letter addressed to agency chairman Brendan Carr. The senators, led by Sen. Cory Booker (D-N.J.) expressed “deep concern” that sovereign wealth funds from Saudi Arabia, Qatar, […]

By Todd Spangler

Foreign Investments in Paramount-Warner Bros. Deal Flagged by Democratic Senators in FCC Letter

The senators called for a full review of investments from Middle Eastern sovereign wealth funds and Tencent, which they say could influence editorial decisions at news outlets owned by the combined company.

By Winston Cho

Democratic Senators Call For “Full And Independent” FCC Review Of Foreign Ownership In Paramount-Warner Bros. Discovery Merger

A group of Democratic senators is calling for FCC Chairman Brendan Carr to conduct a “full and independent” review Paramount’s proposed acquisition of Warner Bros. Discovery, citing its investment from Middle Eastern sovereign wealth funds. Carr has said that the agency would have minimal oversight over the transaction, as it does not involve the transfer […]

By Ted Johnson