Saudi Arabia · FCC · Abu Dhabi · United Arab Emirates · Engadget
FCC allows Gulf state wealth funds to own nearly half of Paramount-Warner Bros.
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This is despite a pre-existing rule that limits foreign equity ownership to 25 percent.
Key facts
- Fortunately for David and Larry Ellison, the totally non-political FCC has decided to allow a stake of 49.5 percent by a trio of wealth funds coming from the governments of Saudi Arabia, Qatar
- NEWS: The FCC approved Paramount's request to let foreign investors, including sovereign wealth funds from Saudi Arabia, the UAE and Qatar, own more than 25% of its equity, clearing a regulatory
- The Paramount-Warner Bros. merger is still up in the air pending an antitrust suit filed by California and 11 other states
- The rule states that foreign entities can only own up to 25 percent of media companies that broadcast on public airwaves, and Paramount owns 28 TV such stations
Summary
The saga of the Paramount-Warner Bros. merger that not many people seem to want other than one failson and his billionaire daddy continues. The rule states that foreign entities can only own up to 25 percent of media companies that broadcast on public airwaves, and Paramount owns 28 TV such stations. The FCC says these entities "will not be able to wield any influence, let alone control, over decisions involving the Licensees. — Daniel Miller September 17, 2026.