Paramount and Warner merger deal is expected to receive FCC approval—The Financial Times of the UK

2026-03-03 06:24:31

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Investing.com — According to a report by The Financial Times on Monday, Paramount’s $110 billion acquisition of Warner Bros Discovery may receive approval from the U.S. Federal Communications Commission (FCC). The report cites an interview with FCC Chairman Brendan Carr.

Carr told The Financial Times at the Mobile World Congress in Barcelona that Washington was concerned about Warner’s previous deal with Netflix, but the market share impact of merging with Paramount is “completely different.”

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After Netflix declined to match the upgraded offer of $31 per share, Paramount became Warner’s last remaining bidder.

Carr told The Financial Times that most of the regulatory work for the deal would be handled by the Department of Justice. The FCC’s role will be limited to reviewing the financial structure of the transaction.

Paramount’s bid is supported by $47 billion in equity financing and a group of Middle Eastern sovereign wealth funds.

Carr said to The Financial Times, “All the information I see regarding this foreign debt… indicates that it meets the so-called good-faith debt standard in FCC rules, which means the review process will be very quick, almost routine.”

However, members of both parties have expressed concerns about the competition aspects of the deal, especially in the streaming industry, where the transaction could reduce consumer choice.

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