Skydance: Rival Bidder for Paramount Is Raising 'Unserious' Issues
Project Rise offered an "unserious" bid to buy Paramount Global, and the issues it has raised with the FCC (see 2503060035) are an attempt to slow the Skydance Media/Paramount deal and force Paramount's board to consider that rival offer, Skydance…
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said Monday (docket 24-275). It said Project Rise lacks standing to object to the transaction, and its "broadsides" lack factual support or merit. Skydance said its "fully funded plan will infuse Paramount with additional capital and combine Skydance’s talented, American management team and storytelling prowess with Paramount’s venerated brands," while Project Rise is offering "an unfunded and unrealistic proposal backed by a leadership team without relevant experience."