Story perspectives

FCC reviews Paramount deal; Middle East investors up to 25%

4/28/2026

Summary

Story summary

FCC received a Paramount Skydance filing to let foreign investors hold up to 25% of the Paramount-Warner Bros. Discovery entity.
The ownership gives investors 49.5%, with Middle Eastern funds holding 38.5%—Saudi PIF 15.1%, UAE fund 12.8%, Qatar 10.6%—and a $24 billion investment of which Saudi contributes $10 billion.
David Ellison, Larry Ellison and RedBird Capital Partners will retain stakes and voting power, while investors receive no board seats after shareholders approved the $111 billion sale.

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Story summary

FCC received a Paramount Skydance filing to let foreign investors hold up to 25% of the Paramount-Warner Bros. Discovery entity.
The ownership gives investors 49.5%, with Middle Eastern funds holding 38.5%—Saudi PIF 15.1%, UAE fund 12.8%, Qatar 10.6%—and a $24 billion investment of which Saudi contributes $10 billion.
David Ellison, Larry Ellison and RedBird Capital Partners will retain stakes and voting power, while investors receive no board seats after shareholders approved the $111 billion sale.