[BUSINESS]■ STORY TIMELINE
FCC WAIVES FOREIGN OWNERSHIP RULES FOR PARAMOUNT
The FCC under Brendan Carr has approved three sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi to collectively own 49.5 percent of Paramount, effectively waiving its 25 percent foreign equity cap.
The Verge+0m
The FCC has announced it's waiving its rules limiting foreign equity ownership to 25 percent in the Paramount-Warner Bro…