US FCC approves foreign investment in Paramount Warner merger
The settlement push has split the coalition as some states seek added remedies and worker protections before the case reaches trial.
- On Thursday, the Federal Communications Commission approved Paramount Skydance's request to allow foreign investments in its acquisition of Warner Bros. Discovery, permitting Middle Eastern sovereign wealth funds to hold substantial indirect equity stakes.
- Paramount sought the agency's approval because federal rules restrict foreign ownership of broadcast licensees to 25% without regulatory clearance, and the company argued foreign capital is essential to compete with dominant tech companies.
- The Commission conditioned its approval on strict limitations, ensuring foreign investors hold no voting stock and "will not have any influence, direction, or control over or provide any commentary or guidance on Paramount's content decisions, company management." Data protection requirements follow a national security review.
- Despite the regulatory greenlight, the merger remains stalled by an antitrust lawsuit filed by 12 state attorneys general and the Writers Guild of America, with a trial scheduled to begin in March.
- Facing a $1.9 billion bond requirement to cover ticking fees, Paramount agreed to postpone the merger closing until after the trial or until June 1, 2027, whichever comes first.
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Paramount is nearing a deal to acquire Warner Bros, but New York and Connecticut are still seeking worker and media protections.
The 12 American states that try to block the purchase of Warner Bros. Discovery by Paramount are divided on a possible agreement with the studio, CNN informed.What HappenedPart of the Attorney General agrees to negotiate the closure of the anti-terrorism action
Major U.S. Company Leaving California After 114 Years
Paramount Skydance is considering moving its headquarters and a large share of its California work beginning Oct. 1, 2026, if it does not settle a multi-state antitrust lawsuit aimed at blocking its proposed acquisition of Warner Bros. Discovery, according to a TMZ report. Paramount Pictures dates to 1912, when Adolph Zukor founded Famous Players. A […]
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Paramount nears merger settlement, but some key state AGs are not on board yet
(CNN) — Paramount is in advanced talks with state attorneys general to resolve the antitrust lawsuit blocking its acquisition of Warner Bros. Discovery, CNN’s parent company.
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