Paramount special committee extends Skydance ‘go shop’ period as it reviews Bronfman offer

Paramount Group has announced that its special committee has extended the "go shop" period for Skydance Media, as they continue to review an offer from investor Edgar Bronfman Jr and his group. In simplest terms, a "go shop" period allows a company that is the subject of a merger or acquisition offer to seek out and discuss deals with other potential buyers. This extension means that Paramount has allowed additional time for other parties to make competing offers for Skydance Media. It also indicates that the special committee is still conducting its due diligence and review on the current offer made by Edgar Bronfman Jr.