Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A court case with the potential to scuttle Paramount Global’s $8 billion sale to Skydance Media LLC came off the fast track Thursday after new allegations raised doubts about a last-minute topping bid. https://t.co/zUIHaigHgy
After Lionsgate broke out its movie studio from Starz, some bondholders found themselves left out in the cold. Now they’re going to court. @eriqgardner has the story: https://t.co/nnPh08Adhe
There is new drama in the proposed $8 billion Skydance-Paramount merger as Skydance seeks to thwart a rival, late-arriving bid for the CBS Sports parent. Read the full story ⬇️
Skydance Media LLC is facing challenges in its proposed $8 billion merger with Paramount Global due to a rival bid from Project Rise Partners, which has made a late $13.5 billion offer. Skydance alleges that Project Rise misrepresented its financing in an attempt to disrupt the transaction. Meanwhile, a New York federal judge has granted preliminary approval for a settlement involving Paramount and Comedy Central, which will pay $11 million to comedians over allegations of improperly withholding royalty payments. The ongoing legal disputes surrounding the merger could complicate the future of both companies, as new allegations have emerged that may jeopardize the deal.
