Reported about 2 months ago
Paramount Global has announced a 15-day extension to its 'go shop' period, allowing it to review a competing offer from Edgar Bronfman, Jr. for $6 billion. This follows the company's agreement with Skydance for a merger valued at around $28 billion. The extension grants Paramount more time to assess potential interest from other bidders, though it does not guarantee a superior proposal. Shares of Paramount rose over 1% following the announcement.
Source: YAHOO