9 d. ago China’s Tencent quits Paramount’s bid for Warner Bros to avert national security questions

BANGKOK (AP) — Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.’s bid to buy Warner Bros Discovery, according to a revised filing of its takeover bid by Paramount with the U.S. Securities and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 […]

Society

9 d. ago Paramount says China’s Tencent withdrew from its Warner Bros bid to avert national security issues

BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount’s revised filing with the U.S. Securities and Exchange Commission of its takeover bid said the Chinese company had dropped its $1 billion financing […]

Society

9 d. ago Paramount’s Bid for Warner Bros. Features Obscure Abu Dhabi Firm

Paramount Skydance Corp.’s hostile bid for Warner Bros. Discovery Inc. is being bankrolled by a list of influential Middle Eastern investors, including Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. Joining them is an Abu Dhabi group that few even in the region have heard of: L’imad Holding Co.

Economics

1 week ago Paramount counters Netflix with US$108B hostile bid for Warner Bros

Paramount said its deal gives greater regulatory certainty than the Netflix one, which it said would give Netflix 43% of global streaming subscribers

Economics

1 week ago Paramount launches hostile takeover bid for Warner Bros. amid ‘inferior’ deal with Netflix

The company went up for sale in October and received several rounds of bids from Netflix and Comcast Corp.

Other

1 week ago Paramount makes hostile bid for Warner Bros. days after Netflix’s $72B deal

Paramount has gone hostile bid for Warner Bros. Discovery, challenging Netflix which reached a US$72 billion takeover deal with the company just days ago.

Economics

3 w. ago Abu Dhabi’s Lunate Weighs $1 Billion Commitment to AI Firm MGX

Abu Dhabi asset manager Lunate is in discussions to commit as much as $1 billion to state-backed artificial intelligence investor MGX, according to people familiar with the matter.

Economics

3 w. ago Abu Dhabi’s Lunate Eyes $1 Billion Commitment to AI Firm MGX

Abu Dhabi asset manager Lunate is in discussions to commit as much as $1 billion to state-backed artificial intelligence investor MGX, according to people familiar with the matter.

Economics

last month KKR Opens Abu Dhabi Office in Deepening Foray Into Middle East

KKR & Co. is opening an office in Abu Dhabi’s financial center, part of the alternative investment firm’s efforts to bolster its presence in the emirate as it increasingly becomes a magnet for global capital.

Other