Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) are criticizing the Trump administration for failing to initiate a national security review of Paramount Skydance‘s deal to acquire Warner Bros. Discovery, a proposed $111 billion pact backed by billions of dollars from a trio of Middle Eastern sovereign wealth funds.
The senators have previously called on the Committee on Foreign Investment in the United States, aka CFIUS, to conduct a review of the proposed pact. Led by the Treasury Department, CFIUS is the U.S. government’s interagency body that reviews foreign investments in American businesses for potential national security risks.
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