GoKawiilFCC approves Paramount's 49.5% foreign equity sale to Gulf sovereign funds
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.