Senators Call On FCC To Prevent Paramount-WBD Merger From Closing
Senators Cory Booker, Adam Schiff, and Elizabeth Warren have asked the FCC to halt the Paramount-Skydance and Warner Bros. Discovery merger. They cite national security risks tied to foreign ownership, which may reach 49.5% of the combined entity. The senators are requesting a full review under the Communications Act before the deal closes.
What changed
Three Democratic senators formally requested the FCC pause the merger until July 1 due to foreign investment concerns.
Live updates
-
Democratic Senators Urge FCC to Block Paramount-WBD Merger Closing
confidence 90%Senators Cory Booker, Adam Schiff, and Elizabeth Warren have asked the FCC to halt the Paramount-Skydance and Warner Bros. Discovery merger. They cite national security risks tied to foreign ownership, which may reach 49.5% of the combined entity. The senators are requesting a full review under the Communications Act before the deal closes.
What's confirmed:
- Senators Cory Booker, Adam Schiff, and Elizabeth Warren urged the FCC to block a premature closing of the Paramount-Skydance and Warner Bros. Discovery merger.
- The senators cited foreign ownership of nearly 49.5% as a national security and foreign-policy risk.
- The proposed merger value is cited as $111 billion.
- The senators requested the FCC conduct a full national security review required under the Communications Act.
Still unconfirmed:
- Chinese regulators have cleared the Paramount Skydance-Warner Bros Discovery merger.
- Paramount may drop a joint venture to obtain EU merger approval.
- Top DOJ officials cleared the merger before staff lawyers could object.
- Paramount alleges antisemitism is part of the opposition to the merger.
- Paramount accuses Netflix of targeting the merger.
- The DOJ's statement clearing the deal was called shameless by Bonta.