A special committee of Paramount Global’s board of directors says it is “bound” by a pending agreement to merge with Skydance Media and will not consider an 11th-hour offer from a rival bidder.

Here comes a plot twist: As Skydance Media and RedBird Capital Partners work to close the Larry Ellison-backed takeover of Paramount Global this spring, a consortium of investors who previously ...

Project Rise Partners' (PRP) $13.5B offer for Paramount challenges Skydance's $4.75B deal, raising legal questions about the go-shop window and the board's fiduciary duties. PRP claims their ...

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The unexpected development comes as Skydance Media and RedBird Capital Partners finalize their acquisition of Paramount, backed by Larry Ellison. PRP's new offer surpasses its previous all-cash ...

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