Trending Now - Paramount to See 49.5% Foreign Ownership Post-wbd Merger

WHO:

Variety - Paramount Skydance is involved in the merger with Warner Bros. Discovery.

Deadline - Paramount is the company requesting approval from the Federal Communications Commission (FCC).

WHAT:

Variety - The merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors.

Deadline - The foreign ownership stake includes a 24% holding shared by three Middle Eastern funds.

WHERE:

Variety - The filing was made with the Federal Communications Commission (FCC) in the United States.

WHEN:

Variety - The filing with the FCC occurred on a Monday.

WHY:

Variety - The merger and subsequent foreign ownership stake are part of Paramount's strategy to secure funding and approval for the new company structure.

HOW:

Variety - The ownership structure includes a 15.1% equity stake held by Saudi Arabia's Public Investment Fund.

(UPDATED April 27, 2026 23:18 UTC)

Paramount is moving forward with its merger with Warner Bros. Discovery, seeking approval from the Federal Communications Commission. The new company structure will see 49.5% of the merged entity owned by foreign investors, including a significant 24% stake shared by three Middle Eastern funds and a 15.1% equity stake held by Saudi Arabia's Public Investment Fund. This strategic move is aimed at securing the necessary funding and regulatory approval for the merger.