FinanceEngadgetabout 2 hours ago
FCC Waives Rule for Gulf Funds in Paramount-WBD Merger
3 min read
The FCC waived its 25% foreign ownership limit, allowing sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to own up to 49.5% of the merged Paramount-Warner Bros. entity. The decision clears a key regulatory hurdle for the pending merger.
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