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Stock impact report

Foreign Investments in Paramount-Warner Bros. Deal Flagged by Democratic Senators in FCC Letter [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The senators, in a letter to the FCC on Monday, called for a “full and independent” probe of the merger, citing concerns that financing from Middle Eastern sovereign wealth funds and Chinese gaming giant Tencent could give them influence over editorial decisions at CBS News and CNN. More from The Hollywood Reporter David Ellison Sends Letter to CA Lawmakers Outlining Plan to Keep Hollywood Jobs Local (Exclusive) David Ellison Visits Warner Bros., Concedes "Turbulent" Start in Meeting With Execs (Exclusive) Tom Cruise Shoots Secret Video for Paramount Celebrating Studio's Legacy and New Era (Exclusive) “This constellation of foreign investment from China and from Gulf states, with complex and sometimes competing relationships with the United States, demands rigorous, not perfunctory, review,” the letter reads. Saudia Arabi's Public Investment Fund, the Qatar Investment Authority and Abud Dhabi Investment Authority are collectively providing roughly $24 billion in funds to Show less Read more
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