Paramount Skydance formally requested U.S. regulatory approval on Monday for foreign investments to finance its acquisition of Warner Bros. Discovery. The filing with the Federal Communications Commission (FCC) is a standard procedural step for deals involving foreign ownership of U.S. broadcasting assets, according to a company spokesperson.
Foreign entities will hold just under 50% of the company's equity following the transaction. Key investors include Saudi Arabia’s Public Investment Fund, Abu Dhabi’s L’imad Holding Company, and the Qatar Investment Authority.
The family of CEO David Ellison will maintain voting control of the shares despite the significant foreign stake. Markets showed no immediate reaction to the regulatory filing.