Reported about 2 months ago
Skydance Media has accused Paramount Global of breaching their merger agreement by engaging with another potential buyer despite a prior agreement stipulating exclusivity. Skydance alleges that Paramount did not properly notify them about extending the deadline to consider competing offers and argues that the competing bid does not meet the conditions to be considered superior. As a result, Skydance is contemplating enforcing or terminating the deal.
Source: YAHOO