US FCC approves foreign investment in Paramount Warner merger deal
PSKY•Limits placed on foreign investors
In a decision released by the FCC's media bureau, the commission placed limits on the extent of foreign investment in the deal and said foreign investors can have 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," or access to non-public data on U.S. citizens.
FCC approves foreign investment request
WASHINGTON, Sept 17 (Reuters) - The Federal Communications Commission on Thursday said it approved a Paramount Skydance PSKY.O request for foreign investments backing its acquisition of Warner Bros Discovery WBD.O despite a group of senators raising concerns.
