Judge opens door to possible bidding war for…
A Delaware decide on Monday opened the door to the likelihood of a renewed bidding war for Paramount Global that might thwart the media giant’s $8 billion deal to merge with Hollywood film studio Skydance Media.
Early final month, New York City’s public pension funds sued to block the Skydance merger settlement, whose unique phrases have prevented Paramount from contemplating a rival bid claiming to be value $8.8 billion from Project Rise Partners, an investment consortium.
On Monday, Delaware Chancellor Kathaleen McCormick requested the pension funds for more data…
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