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The Independent UK

National

Elaine Kurtenbach

BIZARRE: China s tencent quits paramount s bid for warner bros to avert national security questions - You Need To See This

Tencent Paramount Warner Bros SEC China National Security Warner Bros Discovery Donald Trump Tencent Holdings CFIUS

China-Paramount-Warner Bros - (Copyright 2020 The Associated Press. All rights reserved.)

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.‘s bid to buy Warner Bros Discovery, according to a revised filing of its takeover bid by Paramount with the U.S. Securities and Exchange Commission.

The filing seen Wednesday shows the Chinese company dropped its $1 billion financing commitment for the takeover bid.

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