Tencent Pulls Out of Warner Brothers Bid
Update: 2025-12-10
Description
Tencent, the Chinese tech giant, has withdrawn from Paramounts bid to acquire Warner Brothers Discovery, citing potential scrutiny from CFIUS. Meanwhile, foreign sovereign wealth funds have agreed to step back from management roles to avoid further review. Paramounts seventy-seven billion dollar offer competes with Netflixs bid for the company behind HBO, CNN, and a major movie studio. Tencent, listed as a Chinese military-linked company by the U.S. Defense Department, has not commented on its withdrawal.
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