Business Wire has issued a 'KILL' order, retracting a press release that had been disseminated to various media outlets, including Reuters, Variety, and the New York Post. This retraction specifically pertains to a rival bid for Paramount Global linked to Apex Capital Trust. Following this, Bloomberg has also retracted stories and headlines published on July 31 that were based on the now-withdrawn Business Wire release. In a related development, media mogul Byron Allen is reportedly preparing a topping bid for Paramount Global, potentially reigniting a significant takeover battle that had previously captured the attention of Hollywood and Wall Street. Allen is said to be seeking additional financing to outbid Skydance's offer, although it remains unclear if he is collaborating with attorney Tatiana Logan from Elwood Law.