On August 21, 2024, Paramount Global announced the receipt of an acquisition proposal from Edgar Bronfman, Jr., leading a consortium of investors, prompting the extension of the 'go shop' period until September 5, 2024. This extension allows the Bronfman Consortium, now deemed an 'Excluded Party' under the Skydance transaction agreement, additional time to potentially present a Superior Proposal. Paramount Global, which is subject to a transaction agreement, has engaged with over 50 third parties during the go-shop period. The company has stated that there is no certainty that this process will result in a Superior Proposal and has chosen not to disclose further developments unless deemed appropriate or required. Financial advisory for the Special Committee of Paramount Global is provided by Centerview Partners LLC, with Cravath, Swaine & Moore LLP as legal counsel. Paramount Global will file relevant documents with the SEC, including a registration statement on Form S-4 containing an information statement/prospectus regarding the proposed transactions involving Paramount, Skydance, and NAI.

On August 21, 2024, Paramount Global announced the receipt of an acquisition proposal from Edgar Bronfman, Jr., leading a consortium of investors, prompting the extension of the 'go shop' period until September 5, 2024. This extension allows the Bronfman Consortium, now deemed an 'Excluded Party' under the Skydance transaction agreement, additional time to potentially present a Superior Proposal. Paramount Global, which is subject to a transaction agreement, has engaged with over 50 third parties during the go-shop period. The company has stated that there is no certainty that this process will result in a Superior Proposal and has chosen not to disclose further developments unless deemed appropriate or required. Financial advisory for the Special Committee of Paramount Global is provided by Centerview Partners LLC, with Cravath, Swaine & Moore LLP as legal counsel. Paramount Global will file relevant documents with the SEC, including a registration statement on Form S-4 containing an information statement/prospectus regarding the proposed transactions involving Paramount, Skydance, and NAI.