Skydance Urges Paramount To Spurn Edgar Bronfman-Led Offer

Skydance Media is urging Paramount Global to stop considering a proposal by an investor group led by Edgar Bronfman Jr. to buy control of the company, threatening to withdraw its own offer unless it does. In a letter from its lawyers on Thursday, Skydance told Paramount it had breached the terms of a merger agreement the two companies announced last month. The deal includes a "go-shop" provision allowing the committee of Paramount's board of directors formed to steer the M&A process to pursue a "superior" o ...