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Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports
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Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports
Aug 23, 2024 2:52 AM

Aug 22 (Reuters) - Skydance Media is accusing Paramount

Global's ( PARAA ) special committee of directors of breaching

the terms of its deal by extending the period of time when it

can engage with other bidders, the Wall Street Journal reported

on Thursday.

This comes after veteran media executive Edgar Bronfman Jr

sweetened his bid to take over Paramount offering $6 billion for

its controlling shareholder National Amusements and a minority

stake in Paramount.

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