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Skydance’s legal team is fighting back against efforts to derail its pending $8 billion merger with Paramount Global, accusing a rogue rival bidder of trying to “hijack” the regulatory review process.

In a letter filed with the FCC, which is reviewing the transaction, lawyers for David Ellison’s company laid out its concerns about Project Rise Partners. The investment group submitted an offer for Paramount after the end of the 45-day “go-shop” period last summer. Absent any alternative formally recognized by the special committee of Paramount’s board, the merger partners say they have a binding contract to see the deal through to completion.

“Project Rise is seeking to hijack this Commission proceeding to buy time for litigation to proceed in the Delaware Court of Chancery, in an effort to force Paramount’s Board to consider Project Rise’s belated –and unserious – bid to acquire the company,” Skydance’s legal team said.

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.

In a statement provided to Deadline, a spokesperson for the committee formed last year to evaluate opportunities and steer a merger, said investment group Project Rise Partners effectively arrived too late to the party.

“The transaction agreement between Paramount and Skydance Media enabled the Special Committee to pursue a superior proposal during the now-expired 45-day go-shop period, during which representatives of the Special Committee contacted more than 50 third parties to determine whether they had an interest in making a proposal to acquire Paramount,” the statement said. “Project Rise Partners did not make a proposal during such period, nor during the prior seven-month sale process for Paramount. It is unclear what Prp’s objectives are; however, Paramount...

The offer could send Paramount’s merger with Skydance into chaos if given consideration by the Paramount board.

Hopefully, someone is keeping an eye on David Ellison’s blood pressure. The Skydance Media CEO is just trying to get his company’s merger with Paramount Global across the finish line, but new problems continue to crop up. The latest, according to an exclusive report from Variety, comes in the form of a letter from a group of investors who want to buy Paramount for themselves, with an offer that could be considerably better than the terms agreed to by Paramount and Skydance last summer.

Key Details: The investor group has come through with an offer to buy Paramount for $13.5 billion. The merger between Paramount and Skydance has been met with disapproval by some in the marketplace. As a publicly traded company, Paramount is bound by law to consider the new offer.

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 bid on the storied media conglomerate is mounting an eleventh-hour $13.5 billion offer.

Variety has obtained a legal letter that is being sent to Paramount’s board Friday, Jan. 24, from Project Rise Partners that outlines a new bid that is higher than an all-cash offer the consortium made during the go-shop window. The group says its terms are vastly superior to the $8 billion deal from Skydance and RedBird.

The letter, prepared by the law firm Baker & Hostetler, notes that in light of “the market’s negative reaction to the Skydance transaction, Prp is now increasing its offer as follows: The offer for the B shares is $19 per share compared to $15 per share in the Skydance offer — a 75% premium and 27% more than Skydance.

The partnership between Justice For Women International and The Hip Hop Alliance Coalition was praised by the audience at the Krush Groove 2023 concert held in Los Angeles on April 22, 2023.

Justice For Women International and The Hip Hop Alliance Coalition

Led by Daphna Edwards Ziman, Co-Founder and President of Cinemoí, and Founder of Justice for Women International/Children Uniting Nations, the Krush Groove appearance between both parties was another step towards educating the audience on the severity of Human Trafficking and the violence on women and children. Comedian and Actress Tiffany Haddish joined Daphna on stage to proudly demonstrate her commitment towards humanity and the urgency our society must take to stop the inhumane treatment on women and children. “Today is a historical day to come together with The Hip Hop Alliance Coalition to join forces and eradicate the verbal and physical violence against women and children!” exclaimed Daphna Ziman.

Representing The Hip Hop Alliance Coalition,...

On Sunday March 12, 2023, a bold statement was made between Justice For Women International/Children Uniting Nations and The Hip Hop Alliance to eradicate the verbal and physical abuse against women and children at their Inaugural Oscars viewing event.

This star-studded red-carpet event was at full capacity with support from the community, sponsors, and guests that were motivated to participate in saving lives.

Led by Daphna Edwards Ziman, Co-Founder and President of Cinémoi, and Founder of Justice For Women International/Children Uniting Nations, this partnership is a true testament that two entities can unite to deliver a unified message and impact our culture. The Hip Hop Alliance, represented by Co-Founders Chuck D, Kurtis Blow, and Krs-One, are taking a bold stance to be in alignment with Justice For Women International by making a commitment to unite the Hip Hop community to help fight the battle of human trafficking that we can no longer ignore.

London – U.K. talk show host Jonathan Ross, will debut his talk show The Jonathan Ross Show in the Us on Directv's Cinemoi Dec. 24. Cinémoi North America president Daphna Edwards Ziman announced the deal Tuesday. Ross quit the BBC in 2010 when he was the corporation's highest-paid star, reportedly making about $9 million a year, and took his talk show to commercial web ITV a few months later. His talk show will premiere with a Christmas Eve special featuring special guests including Michael McIntyre, Sienna Miller,J amie Oliver, Sheridan Smith, Ellie Simmons, Jonnie Peacock and Charlotte

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