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Paramount seeks FCC approval for foreign investors helping fund Warner Bros acquisition

By Jody Godoy

April 27 (Reuters) - Paramount is seeking approval from the U.S. Federal Trade Commission to permit foreign investors to indirectly hold in excess of 25% of the company's equity after seeking foreign investment to help fund its acquisition of Warner Bros Discovery WBD.O, according to regulatory filings made public on Monday.

     A Paramount spokesperson said the filing is completely standard for investments such as the ones at issue and is not a condition to closing Paramount's acquisition of Warner Bros.

 (Reporting by Jody Godoy in New York)

 ((jody.godoy@tr.com))

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