Skydance: Last-Ditch Bidder for Paramount Responds to Skydance Allegations It Misrepresented Financing, Claims It 'Rushed' Term Sheet Identifying Potential Partners

Investment group Project Rise Partners, which has been trying to mount an effort to swoop in to buy Paramount Global and derail Skydance Media's deal for the media company, has responded to Skydance allegations that PRP "fraudulently misrepresented" its financing and adviser partnerships. In January, Project Rise Partners submitted a letter to Paramount's board with [...]