The FCC has granted Paramount a waiver of its 25% foreign-ownership limit for broadcast licensees, allowing sovereign wealth funds from Saudi Arabia, Qatar and the UAE to collectively hold up to 49.5% equity in the merged Paramount-Warner Bros. Discovery entity. The commission says the funds will hold non-voting stakes, so they won't exercise formal control over the 28 broadcast stations involved. The underlying petition had actually requested approval for up to 100% foreign ownership.
engadget.com
· 2026-09-18
The FCC has approved Paramount Skydance's request to waive federal foreign-ownership limits, allowing indirect foreign ownership to reach 49.5 percent through investments from sovereign wealth funds in Saudi Arabia, the UAE, and Qatar. The funds, totaling roughly $24 billion, are tied to Paramount's pending $111 billion acquisition of Warner Bros. Discovery, a deal already cleared by the Justice Department but still facing a lawsuit from several US states.
arstechnica.com
· 2026-09-18
The FCC has waived its 25 percent cap on foreign equity ownership to approve a deal allowing sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi to collectively hold up to 49.5 percent of the combined Paramount-Warner Bros. entity. The agency argued the stakes carry no voting rights and therefore no control, but critics including Free Press and Commissioner Anna Gomez dispute that reasoning.
theverge.com
· 2026-09-18
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