WorldPingThe Federal Communications Commission on Thursday approved Paramount’s petition to allow 49.5% of its equity to be held by foreign entities once the Warner Bros. Discovery deal is complete.
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Brief by WorldPing · Original reporting by Al Jazeera
The FCC has announced it's waiving its rules limiting foreign equity ownership to 25 percent in the Paramount-Warner Bros. case and will allow three sovereign wealth funds run by the governments of Saudi Arabia, Qatar, and Abu Dhabi to own 49.
Brief by WorldPing · Original reporting by The Verge
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