Tencent Stake in Skydance-Paramount Draws Lawmaker Scrutiny

CBS owner Paramount Global’s merger with film and TV producer Skydance Media should be reviewed by federal authorities because of the participation of China’s Tencent Holdings Ltd., which was recently added to a US military blacklist, a key member of Congress said.

John Moolenaar, chairman of the House China Select Committee, said Wednesday in a statement that the merger should be reviewed by the Treasury Department’s Committee on Foreign Investment in the US.