Core Viewpoint - Tencent Holdings has withdrawn its bid to acquire Warner Bros Discovery to avoid potential national security scrutiny from the U.S. government [1][2]. Group 1: Tencent's Withdrawal - Tencent dropped its $1 billion financing commitment for the acquisition due to concerns that it would be classified as a "non-U.S. equity financing source," which could trigger a review by the Committee on Foreign Investment in the United States (CFIUS) [2]. - The decision to withdraw was made despite the fact that CFIUS approval was not a condition for the bid [2]. Group 2: Paramount's Takeover Bid - Paramount has launched a hostile takeover offer valued at $77.9 billion for Warner Bros Discovery, competing against Netflix for the acquisition of the company that owns HBO, CNN, and a prominent movie studio [3]. - Foreign sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar are providing $24 billion for Paramount's bid and have agreed to relinquish management rights to avoid additional scrutiny [3]. Group 3: National Security Concerns - CFIUS reviews are often applied to significant deals involving foreign companies, assessing potential national security risks [4]. - The U.S. Treasury Department has been strengthening its review powers under both former President Biden and former President Trump due to rising national security concerns regarding foreign investments [5]. Group 4: Tencent's Profile - Tencent is a major player in the gaming and social media sectors, owning Riot Games and having partnerships with various U.S. entertainment brands, including a streaming deal with the NBA [6][7]. - The company is the world's largest equity investor in online games and operates the WeChat messaging and payments service in China and among Chinese expatriates [7]. - Tencent has a market capitalization exceeding $700 billion, as reported by the Hong Kong stock exchange [7].

By David Ljunggren and Divya Rajagopal OTTAWA (Reuters) -Canada will submit the proposed merger of Anglo American and Teck Resources to a ​national security review, Industry Minister Melanie Joly said on Wednesday. Joly also ‌said Ottawa would come to a final decision in the coming months. "The national security review for any ‌transaction is always part of the process... so we're following the process," she told reporters from South Korea via a teleconference. Shares of Teck were up 1% in midday trade ...