The FCC has approved Paramount's petition to allow 49.5% foreign ownership of the combined company after its merger with Warner Bros. Discovery, clearing a key regulatory hurdle even as a coalition of state attorneys general sues to block the deal.
Paramount-Warner Bros. Discovery Merger Clears FCC Foreign Ownership Review
The FCC has approved Paramount's petition to allow 49.5% foreign ownership of the combined company after its merger with Warner Bros. Discovery, clearing a key regulatory hurdle even as a coalition of state attorneys general sues to block the deal.
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