In a letter seen by The Wall Street Journal, Skydance’s lawyers accuse Paramount of breaking their merger agreement by dragging out the amount of time it can review other bids, and said:
While Skydance is not currently exercising its right to terminate the Transaction Agreement, we reserve the right to do so in the future.
Paramount extended its “go shop” period after receiving a $6 billion bid from media investor Edgar Bronfman Jr.
[The Wall Street Journal]











