Paramount Board Special Committee Confirms Skydance Merger Will Close In First Half Of 2025, Says “Go-Shop” Period “Has “Concluded”

A special committee of Paramount Global's board set up to steer its M&A process has declared an end to the "go-shop" period in its pending Skydance Media merger and says the transaction will close in the first half of 2025. In a statement tonight following the withdrawal of a rival bid led by Edgar Bronfman Jr., the committee acknowledged having received word that the offer had been withdrawn. The emergence of that alternative to David Ellison's Skydance had earlier prompted the committee to extend the "go- ...