Democratic Senators Urge FCC to Delay Paramount-Warner Bros. Merger Until National Security Review of Foreign Investment Is Complete
By
Todd Spangler
Summary
Three Democratic U.S. senators — Cory Booker, Elizabeth Warren, and Adam Schiff — are urging the FCC to block the $111 billion merger between Paramount Skydance and Warner Bros. Discovery from closing until a national security review of foreign investment in the deal is completed. The lawmakers cite Paramount's April 24 petition seeking FCC approval for significant foreign investment, and request that the FCC not act on the merger until the Committee on Foreign Investment in the United States (CFIUS) finishes its review.
Source
VarietyDemocratic Senators Urge FCC to Delay Paramount-Warner Bros. Merger Until National Security Review of Foreign Investment Is Completevariety.comKey quotes
· 2 pulledThree 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.
In a letter dated June 18 sent to FCC Chairman Brendan Carr, the lawmakers — Sens. Cory Booker (D-N.J.), Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) — cited Paramount's April 24 petition seeking a declaratory ruling from the FCC for approval of 'significant foreign investment.'
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