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Skydance Cites “Overwhelming Evidence” Of Fraud By Late-Arriving Paramount Bidder, Accuses It Of “Hijacking” Merger Review Process
Skydance told the FCC its pending $8 billion merger with Paramount Global is being "hijacked" and also is accusing a rogue, rival bidder of fraud.
The investment group submitted an offer for Paramount after the end of the “go-shop” period last summer, and the mergers partners say they have a binding contract to see the deal through to completion. Trump has filed a $20 billion lawsuit in Texas over the handling by CBS News of an interview with former Vice President Kamala Harris in the runup to last November’s election. The Delaware shareholder suit was filed by a group of plaintiffs (all New York City pension and retirement funds) after a Paramount special committee declined to engage in talks to consider a higher offer from Project Rise Partners.
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