Great news for the Ellisons and Saudi Arabia. Everyone else: not so much!

Royal families of Saudi Arabia, Qatar and Abu Dhabi will own nearly 50% of the equity of a merged Paramount-Warner Bros.

By David Shepardson WASHINGTON, Sept 17 (Reuters) - The Federal Communications Commission approved a Paramount Skydance ...

CHICAGO — As Paramount looks to take over Warner Bros. Discovery, it’s racked up billions of dollars in financial backing ...

The Federal Communications Commission yesterday approved Paramount Skydance’s plan to sell large equity stakes to the sovereign wealth funds of Saudi Arabia, the United Arab Emirates, and Qatar. Under ...

Saudi Arabia's PIF, Qatar's QIA, and an Abu Dhabi fund will hold non-voting Class B shares in the combined Paramount-Warner Bros. entity ...

The FCC has approved Paramount's petition to allow 49.5% ownership by Gulf state sovereign wealth funds as part of its Warner ...

The agency approved 49.5% foreign ownership, which includes a 38.5% stake by Middle Eastern investors, that exceeds the 25% limit on foreign ownership of broadcast stations ...

Democratic FCC Commissioner Anna Gomez said the move means ’repressive‘ governments ’indirectly‘ control and influence ’what gets made.’ ...

California Attorney General Rob Bonta canceled a Monday meeting with Paramount to discuss its merger with Warner Bros. Discovery. Bonta is leading a group of states in suing to block Paramount ...

The attorney general of California, one of 12 states suing to block the $111 billion deal, accused Paramount of leaking and misrepresenting earlier settlement discussions. By Laurel Rosenhall ...