The FCC approved Paramount's plan to sell a 49.5% equity stake to sovereign wealth funds from Saudi Arabia, the UAE, and Qatar, waiving the typical 25% foreign ownership limit for broadcast licensees. The investment, totaling $24 billion, is partially financing Paramount's $111 billion acquisition of Warner Bros. Discovery, which would combine major studios and streaming services. FCC Commissioner Anna Gomez criticized the decision, warning that such foreign investment in a major U.S. media company could grant foreign governments influence over American media content.