FCC Funding Application Notes Paramount Will Be 49.5% Foreign-Owned Post-Merger

Paramount asked the FCC to approve foreign ownership tied to its merger deal.

The combined company would be 49.5% foreign-owned, with 38.5% held by three Middle East funds.

The funds include Saudi Arabia’s Public Investment Fund, alongside investors from Qatar and Abu Dhabi.

Paramount said the deal has about $24 billion in total investment supporting it.

The filing puts major foreign backing for a U.S. media merger under closer regulatory and political scrutiny.