Skydance reportedly accuses Paramount committee of violating merger deal

David Ellison’s Skydance Media is firing back at Paramount Global, accusing a special committee at the media and entertainment giant of violating the merger deal the two companies struck last month after Paramount said it would allow more time for talks with another interested buyer, according to a report on Thursday.

The Wall Street Journal reported that Skydance’s lawyers, in a letter seen by the news outlet, said the rival bid for Paramount PARA — from onetime media executive Edgar Bronfman Jr. — did not amount to a better proposal than Skydance’s, as based on the parameters of the deal. Thus, they said, the Paramount committee’s move to keep the door open to Bronfman constituted a breach, according to the Journal.