The exterior of the Warner Bros. Discovery Atlanta campus on May 2, 2023. REUTERS/Alyssa Pointer/File PhotoSix Democratic U.S. senators urged for a rigorous review of foreign ownership plans in Skydance-backed Paramount’s proposed takeover of Warner Bros. Discovery. In a letter sent Wednesday to FCC Chairman Brendan Carr, the lawmakers raised concerns about financing linked to sovereign wealth funds in Saudi Arabia, the United Arab Emirates, and Qatar, which are expected to help back the proposed $111 billion transaction.
Senators Push FCC Review of Foreign Funding in ParamountWBD Deal
Date:
