Paramount Skydance Receives FCC Approval for Increased Foreign Funding in Warner Bros. Discovery Acquisition

05:34 AM EDT, 09/18/2026 (MT Newswires) -- Paramount Skydance's (PSKY) petition to allow foreign funding of more than 25% in its planned acquisition of Warner Bros. Discovery (WBD) has been approved by the Federal Communications Commission, the regulator said in its ruling released Thursday. The FCC waived the 25% cap on indirect foreign ownership in Paramount but limited such holdings to non-voting stock, saying foreign investors "will not have any influence, direction, or control" over Paramount's content decisions and company management. Paramount Skydance filed the petition in relation to subscription agreements with foreign investors for the purchase of about $47 billion in non-voting Class B shares, according to the FCC decision. Paramount Skydance did not immediately respond to MT Newswires' request for a comment.