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Paramount has asked the FCC to sign off on its equity investment from three Middle East sovereign wealth funds.
Paramount is seeking FCC approval for significant Middle East sovereign wealth fund investment in its WBD acquisition.
KEY POINTS
- Saudi Arabia’s PIF will own 15.1% of Paramount non-voting equity, making it the largest foreign investor.
- The three Middle Eastern funds will collectively control 38.5% of Paramount’s equity shares, all non-voting.
- Paramount's FCC filing enables up to 100% foreign equity/voting share ownership, though this is procedural.
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