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    FCC Approves Gulf Sovereign Wealth Funds' 49.5% Stake in Paramount

    Section editor: ·Low6 articles covering this·6 news sources·Updated 3 hours ago·MENA
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    Infographic illustrating the 49.5% foreign equity ownership in Paramount and its implications for U.S. media.

    What happened

    The Federal Communications Commission approved Paramount Skydance’s petition for indirect foreign ownership exceeding 25% on September 17, 2026.

    The Context

    • Regulatory Approval: The FCC's ruling allows up to 49.5% foreign equity ownership, addressing U.S. laws that typically cap foreign ownership of broadcast licensees at 25%.
    • Geopolitical Implications: The approval reflects ongoing U.S. efforts to attract foreign investment while managing concerns over influence from governments with press freedom restrictions.
    • Merger Financing: Paramount's $111 billion acquisition of Warner Bros. Discovery relies heavily on financing from Gulf sovereign wealth funds, with the Ellison family retaining voting control.

    The Number

    49.5%

    — This is the aggregate indirect foreign equity ownership permitted in Paramount post-investment, highlighting the scale of foreign financial influence in U.S. media.

    Takeaway

    As the merger progresses amid antitrust litigation, expect increased scrutiny on foreign investments in American media and potential shifts in regulatory landscapes.

    6 Articles
    Engadget

    FCC allows Gulf state wealth funds to own nearly half of Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved a significant policy change, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to acquire up to 49.5% of Paramount and Warner Bros. This decision marks a notable shift in ...

    Engadget

    FCC allows Gulf state wealth funds to own nearly half of Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved a significant policy change, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to acquire up to 49.5% of Paramount and Warner Bros. This decision marks a notable shift in ...

    Ars Technica — All

    FCC lets Paramount sell 49.5% equity stake to Saudi Arabia, UAE, and Qatar

    The Federal Communications Commission (FCC) has approved a significant policy change allowing sovereign wealth funds from Saudi Arabia, the UAE, and Qatar to acquire a 49.5% equity stake in Paramount, the parent company of CBS. This decision comes de...

    Ars Technica

    FCC lets Paramount sell 49.5% equity stake to Saudi Arabia, UAE, and Qatar

    The Federal Communications Commission (FCC) has approved a significant policy change allowing sovereign wealth funds from Saudi Arabia, the UAE, and Qatar to acquire a 49.5% equity stake in Paramount, the parent company of CBS. This decision comes de...

    The Verge — All Posts

    Brendan Carr’s FCC is more worried about who The View interviews than foreign governments owning Paramount

    The Federal Communications Commission (FCC) has decided to waive its foreign equity ownership limits, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to acquire a 49.5% stake in Paramount and Warner Bros. This marks a signific...

    The Verge

    Brendan Carr’s FCC is more worried about who The View interviews than foreign governments owning Paramount

    The Federal Communications Commission (FCC) has decided to waive its foreign equity ownership limits, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to acquire a 49.5% stake in Paramount and Warner Bros. This marks a signific...

    Investing.com

    US FCC approves foreign investment in Paramount Warner merger

    The US Federal Communications Commission (FCC) has approved foreign investment in Paramount's proposed merger with Warner, a significant step in the ongoing regulatory process surrounding the $110 billion acquisition. This approval is crucial as it a...

    Los Angeles Times

    FCC approves foreign owners for a merged Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved the merger of Paramount and Warner Bros. Discovery, allowing royal families from Saudi Arabia, Qatar, and Abu Dhabi to hold nearly 50% of the equity in the combined entity. This decision marks ...

    Los Angeles Times

    FCC approves foreign owners for a merged Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved the merger of Paramount and Warner Bros. Discovery, allowing royal families from Saudi Arabia, Qatar, and Abu Dhabi to hold nearly 50% of the equity in the combined entity. This decision marks ...

    Los Angeles Times

    FCC approves foreign owners for a merged Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved the merger of Paramount and Warner Bros. Discovery, allowing royal families from Saudi Arabia, Qatar, and Abu Dhabi to hold nearly 50% of the equity in the combined entity. This decision marks ...

    Variety

    FCC Approves 49.5% Foreign Ownership of Paramount-Warner Bros.

    The Federal Communications Commission (FCC) has approved Paramount's petition to allow 49.5% of its equity to be held by foreign entities following the completion of the Warner Bros. Discovery merger. This decision is crucial as Paramount, which owns...