The Federal Communications Commission has greenlit Paramount’s petition to allow foreign investors to own at least 49.5 percent of its equity—should the media behemoth successfully acquire Warner Bros. Discovery.
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The Federal Communications Commission has greenlit Paramount’s petition to allow foreign investors to own at least 49.5 percent of its equity—should the media behemoth successfully acquire Warner Bros. Discovery.
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So basically it’s an auction to the highest bidder for control over US media landscape.
Gonna be Saudi Arabia taking majority stakes there, no doubt about it.
Will it? How much money do they have after all the necessary oil infrastructure repairs? Or are they giving up on oil to become American oligarchs?
SA has majorly diversified their holdings over the last decade or so. They’re no longer solely dependent on Aramco (although still majorly). Specifically they own a lot of the global media landscape, both outright and through more… obscure means.
If China wanted to they could drown the saudis out
China’s game may be to let the rest of the world eat each other and then step in to the chaos left.
It’s probably in their interest to continue having a lot of stupid Americans with money to buy their products while they hold our debt. Unless another market exists to replace us, we can’t be allowed to completely collapse. Not that it’s much better being in limbo.
While China definitely wouldn’t want to lose the US market entirely, I’m pretty sure at this point they consider the EU market a lot more important. Which is why they won’t allow Putin to nuke Kiev.
I agree, just pointing out that they could if they wanted to
It’ll be a different middle eastern company taking over. One we cant mention.