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Skydance Media Slams Project Rise Partners' 'Belated' and 'Unserious' $13.5 Billion Bid for Paramount

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Skydance Media has taken aim at Project Rise Partners in a new letter to the FCC, arguing that the investor group is "seeking to hijack" the review process of its pending $8 billion merger with Paramount Global after it filed a formal objection with the agency last week.
Skydance Media has criticized Project RISE Partners' $13.5 billion bid for Paramount Global, calling it "belated and unserious." The bid, which surfaced recently, aims to acquire Paramount's parent company, National Amusements Inc., and merge it with Skydance. Skydance, already in advanced talks with Paramount, dismissed the offer as a "desperate, last-minute tactic" by Project RISE, a group of investors including former MGM executives, to disrupt their ongoing negotiations. Skydance emphasized that their own proposal, which includes a significant cash infusion and a premium for non-voting shareholders, is a more viable and beneficial path forward for Paramount.

Read the Full TheWrap Article at:
[ https://www.msn.com/en-us/entertainment/movies/skydance-media-slams-project-rise-partners-belated-and-unserious-13-5-billion-bid-for-paramount/ar-AA1AHx0N ]