Tag: Project Rise Partners

Paramount Global rejected Project Rise Partners’ $13.5 billion last-minute counteroffer and is moving ahead with an $8 billion merger with Skydance Media. PRP’s bid came too late, as Paramount’s go-shop window closed in August.

Project Rise Partners has submitted a $13.5 billion bid for Paramount Global, surpassing the $8 billion Skydance-RedBird offer backed by Larry Ellison. PRP's proposal offers higher shareholder payouts, $2 billion in financing, and commitments to grow Paramount’s workforce. The group…