US FCC approves foreign investment in Paramount Warner merger deal
WASHINGTON, Sept 17 (Reuters) – The Federal Communications Commission on Thursday said it approved a Paramount Skydance request for foreign investments backing its acquisition of Warner Bros Discovery despite a group of senators raising concerns.
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.
(Reporting by David Shepardson; Editing by Chris Reese)
