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Paramount-Warner Merger Pursues FCC OK for $24B Foreign Stake

4/29/2026

Summary

Story summary

Paramount Global asked FCC to let foreign investors own 49.5% of Paramount-Warner Bros. Discovery after $111 billion merger.
Three Middle-East funds will invest $24 billion for 38.5% non-voting stake while Ellison family, Larry Ellison and RedBird Capital keep voting control.
Warner Bros. Discovery shareholders approved merger, rejecting CEO David Zaslav’s $550 million exit package, while Paramount plans to close by end-Q3, faces ticking fee after Sept 30, and will carry $80 billion of debt.

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Story summary

Paramount Global asked FCC to let foreign investors own 49.5% of Paramount-Warner Bros. Discovery after $111 billion merger.
Three Middle-East funds will invest $24 billion for 38.5% non-voting stake while Ellison family, Larry Ellison and RedBird Capital keep voting control.
Warner Bros. Discovery shareholders approved merger, rejecting CEO David Zaslav’s $550 million exit package, while Paramount plans to close by end-Q3, faces ticking fee after Sept 30, and will carry $80 billion of debt.