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Last-Ditch Bidder for Paramount Responds to Skydance Allegations It Misrepresented Financing, Claims It ‘Rushed’ Term Sheet Identifying Potential Partners
Project Rise Partners responded to Skydance allegations that PRP 'fraudulently misrepresented' its financing partners in its rival Paramount bid.
Daphna Edwards Ziman, who is co-chair of PRP, said in a statement issued last Friday, “Skydance wants to change the subject from the fact that its transaction with Paramount is facing warranted scrutiny in the Delaware Chancery Court. FCC Chairman Brendan Carr, whom Trump picked to run the agency, has said the allegations that CBS engaged in “news distortion” with respect to the “60 Minutes” Harris interview would be part of the review of the Skydance-Paramount deal. In an FCC filing, CBS said that the “news distortion” complaint was specious and that it presumes the agency has authority to take action that would violate the broadcaster’s free-speech rights.
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