10:51 AM EDT, 05/03/2024 (MT Newswires) -- Skydance Media is prepared to withdraw its offer for Paramount Global ( PARAA ) unless it receives a commitment from controlling shareholder Shari Redstone, following a recent offer for Paramount from Apollo Global Management ( APO ) and Sony Pictures (SONY), CNBC reported Friday, citing a person familiar with the matter.

The exclusivity window for discussions between Skydance and Paramount ends Friday and won't be extended, according to CNBC, citing people familiar with the matter.

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