Sen. Elizabeth Warren (D-Mass.) reiterated her apprehensions regarding the merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros. Discovery Inc. (NASDAQ:WBD), focusing on the involvement of foreign wealth funds.
Warren Highlights Risk Of Foreign Investments In US Media
Warren highlighted the risks associated with Saudi, Qatari, and Abu Dhabi funds acquiring a significant stake in a major U.S. media entity.
Warren underscored the potential dangers of foreign entities gaining access to personal data and influencing U.S. media. She called for the merger to be blocked, citing concerns over national security and privacy.
“Should Saudi, Qatari, & Abu Dhabi wealth funds have a near-majority stake in one of America’s largest media companies? The Paramount-Warner Bros. deal could mean foreign access to your personal data—and leverage over U.S. media. Block the merger,” she said in a post on X.
Concerns Not New
The proposed merger between Paramount Global and Warner Bros. Discovery has been under scrutiny over the potential consequences of such a deal.
Senator Warren’s concerns are not new. In May 2026, she warned that shows like “Severance” could disappear if a single studio monopolizes Hollywood. She argued that a more consolidated industry could stifle creative projects.
Meanwhile, discussions about the merger’s approval are ongoing. The Department of Justice (DOJ) staff attorneys seemed persuaded by Paramount’s argument that the merger would not negatively affect other studios and creative talent.
Previously, in September 2025, Warren criticized the Trump administration’s role in approving an $8 billion merger of Paramount Global and Skydance. She called for an investigation into what she suggested might have involved a “big fat bribe.”
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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