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Paramount FCC Filing
Description
Paramount Skydance asked the FCC to approve foreign investments backing its acquisition of Warner Bros. Discovery. Foreign investors including Saudi Arabia's PIF, Abu Dhabi's L'imad Holding, and the Qatar Investment Authority will own slightly less than 50% of equity after the deal. CEO David Ellison's family will retain voting control. A Paramount spokesperson said the FCC filing is standard and not a condition for closing.
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