Democratic Senators Demand FCC Conduct Foreign Investment Review of Paramount-Warner Bros. Deal Over Backing by Middle Eastern Funds, China’s Tencent

The FCC must conduct a “thorough review” of the foreign investors backing Paramount Skydance’s $111 billion proposed deal to acquire Warner Bros. Discovery, seven Democratic senators said in a letter addressed to agency chairman Brendan Carr. The senators, led by Sen. Cory Booker (D-N.J.) expressed “deep concern” that sovereign wealth funds from Saudi Arabia, Qatar, […]