Democratic Senators Urge FCC to Block Closing of Paramount-Warner Bros. Merger Until Review of Deal’s Foreign Investment Concludes

Senators Urge FCC to Prevent Paramount-WB Merger From Closing During Pending Foreign Ownership Review

Three Democratic Senators are urging FCC Chairman Brendan Carr to prevent the $110 billion Paramount-Warner Bros. Discovery merger from closing until its pending foreign ownership review can be completed. Paramount has asked that the FCC allow foreign investors “in the aggregate to indirectly hold up to 100 percent of its equity and/or voting interests in light of routine fluctuations in publicly held equity interests and to account for potentia…

Democratic Senators Urge FCC to Block Closing of Paramount-Warner Bros. Merger Until Review of Deal’s Foreign Investment Concludes

Three Democratic U.S. senators are urging the FCC to prevent Paramount Skydance from closing its $111 billion merger with Warner Bros. Discovery until the government's national security review of the foreign investors in the deal has run its course.

Senators Call On FCC To Prevent Paramount-WBD Merger From Closing

Three Democratic senators are calling on the FCC to bar the Paramount-Warner Bros. Discovery merger from closing until an agency review of foreign ownership is pending. Sen. Cory Booker (D-NJ), Sen. Adam Schiff (D-CA) and Sen. Elizabeth Warren (D-MA) wrote in a letter to FCC Chairman Brendan Carr that the commission “has an obligation to honestly answer a fundamental question: whether placing 49.5 percent of the equity in the parent company of…