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Story summary
- Tencent Holdings, the Shenzhen-based Chinese tech group, withdrew from Paramount Skydance Corp.'s bid to acquire Warner Bros Discovery.
- The withdrawal follows concerns about U.S. regulatory scrutiny of foreign investments.
- Tencent had pledged $1 billion for the takeover but was removed from financing in a revised proposal.
- Paramount's filing indicated Tencent's involvement could trigger a review by the U.S. Committee on Foreign Investment in the United States (CFIUS).
