Warren and Democrats Push Treasury to Review Foreign Ownership in Paramount-WBD Merger
By
Ted Johnson
A baker's-dozen of insight crammed into one ring.
Summary
Sen. Elizabeth Warren and three other Democratic lawmakers are pressing Treasury Secretary Scott Bessent to conduct a foreign ownership review of the proposed Paramount-Warner Bros. Discovery merger through the Committee on Foreign Investment in the United States (CFIUS). The concern stems from Paramount's disclosure that total foreign ownership of the combined company would be 49.5%, including 38.5% from investment funds based in Saudi Arabia, Qatar, and Abu Dhabi. Such a review would add another regulatory hurdle to the already complex merger transaction.
Key quotes
· 3 pulledSen. Elizabeth Warren (D-MA) and three other Democratic lawmakers again are pressing Treasury Secretary Scott Bessent to conduct a foreign ownership review of Paramount's proposed merger with Warner Bros. Discovery.
Such a review — via the Committee on Foreign Investment in the United States, which Bessent chairs — would add an additional regulatory hurdle for the transaction.
Paramount has disclosed that total foreign ownership of the combined company would be 49.5%, including 38.5% from investment funds from Saudi Arabia, Qatar and Abu Dhabi.
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