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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[–] 1 point 3 weeks ago (1 child)

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?

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  • [–] 4 points 3 weeks ago

    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.

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