Paramount says China's Tencent withdrew from its Warner Bros bid to avert national security issues

Reporting cited here

1. reported

   AP reported that three Gulf sovereign funds were providing $24 billion for Paramount's Warner Bros. Discovery bid. Paramount's later preliminary proxy identified the financing partners as Saudi Arabia's Public Investment Fund, Abu Dhabi's L’Imad Holding Company PJSC, and the Qatar Investment Authority, and said they agreed to surrender governance rights; Jared Kushner's Affinity Partners later withdrew from the consortium.

   Initial bid-financing passage; Saudi, Qatari, and Abu Dhabi funds, aggregate amount, and surrendered governance rights

   Gulf state funds supplied $24 billion of Paramount's initial WBD bid backing · Foreign fund governance rights surrendered; Affinity later withdrew