Tencent helping Paramount buy Warner Bros

Hanno Labuschagne

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Tencent helping Paramount buy Warner Bros

Tencent Holdings intends to invest several hundred million dollars in Paramount Skydance’s acquisition of Warner Bros. Discovery, according to people familiar with the situation.

The Chinese company would be acting as a passive financial investor, the people said, asking not to be identified because the matter is private.
 
Another industry negative for the Paramount deal control-wise, although sounds good business-wise. Still far better IMO than if Netflix had got their quality-filtering paws on WBD.
Wonder how long the red tape is going to take, this needs to find stability.

@Smiggles are you still believing that distorted single article by Netflix supporters, or did you see more?
 
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