Skydance Reportedly Demands Paramount Stop Acquisition Talks With Bronfman

KEY TAKEAWAYS Skydance Media reportedly is demanding that Paramount Global stop acquisition talks with media executive Edgar Bronfman Jr. According to The Wall Street Journal, Skydance's lawyers said Paramount's special committee breached the terms of its deal for Shari Redstone's media empire by extending the "go-shop" deadline to Sept. 5. Paramount on Wednesday extended the deadline after receiving Bronfman's reported $6 billion offer for Redstone's National Amusements and a minority stake in the entertai ...