Democratic Senators Urge FCC to Conduct Foreign Investment Review of Paramount-Warner Bros. Deal [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
Lucas Manfredi 3 min read Paramount (Credit: Getty Images) A group of Democratic Senators are urging the Federal Communications Commission to conduct a foreign investment review of the $110 billion Paramount-Warner Bros. Discovery merger. Paramount will pay $31 per share in cash to acquire 100% of WBD's total outstanding shares. The transaction is funded by $47 billion in equity, fully backed by the Ellison family and RedBird Capital Partners, though it may include other strategic and financial partners at closing. The company has not disclosed who those partners would be, though Saudi Arabia's Public Investment Fund, the Qatar Investment Authority and Abu Dhabi's L'imad Holding Company previously committed $24 billion in financing. Tencent Holdings, which also previously committed $1 billion in financing before backing out, is also reportedly considering investing several hundred million dollars in the combined company. “This constellation of foreign investment from Chin
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