Senators Push FCC to Probe Foreign Funding in Paramount–Warner Bros. Deal [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: Yahoo! Finance
A group of U.S. senators is calling for a federal review of foreign financing tied to Paramount's acquisition of Warner Bros. Discovery, escalating scrutiny of a deal that has already drawn attention for its scale and structure. In a letter to Federal Communications Commission chairman Brendan Carr, seven Democratic senators said the agency should conduct a “thorough review” of the transaction, citing concerns about billions of dollars in backing from overseas investors. The lawmakers, led by Sen. Cory Booker, pointed to funding tied to sovereign wealth funds in Saudi Arabia, Qatar, and the United Arab Emirates, as well as renewed participation by Chinese tech company Tencent. COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess. “This constellation of foreign investment… demands rigorous, not perfunctory, review,” the senators wrote, emphasizing the size and origin of the capital involved. They added that the financing cre
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