business / news / / The Manila Times
Paramount Skydance asked the US Federal Communications Commission to greenlight the foreign investments backing its acquisition of Warner Bros Discovery.
Paramount Skydance has formally requested FCC approval for foreign investments in its Warner Bros deal.
KEY POINTS
- Foreign investors will hold just under 50% of Paramount's equity after the acquisition.
- David Ellison's family will retain control of Paramount's voting shares despite new foreign investment.
- Saudi PIF, Abu Dhabi’s L’imad Holding, and Qatar’s QIA have agreed to finance the takeover.
COMPANIES
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