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US FCC approves foreign investment in Paramount Warner merger deal
Source: reuters.com
M&A & RestructuringRegulation & LegislationMedia & Entertainment
The FCC approved Paramount Skydance's request for foreign investment backing for its acquisition of Warner Bros. Discovery, clearing a key regulatory hurdle. The decision came despite objections from a group of senators and improves the likelihood of the media-sector transaction proceeding.
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