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Project Rise Partners Supports the Effort by the New York City Pension Fund to Stop Skydance's Acquisition of Paramount Global and Reiterates That Its Offer Is Much Better for Shareholders

  • Project Rise Partners supports the New York City Employees Retirement System's lawsuit against Paramount Global's special committee regarding the acquisition by Skydance Media, LLC.
  • PRP claims its offer is better, proposing $19 per share for Paramount's Class B Stock, which is about 30% higher than Skydance's offer.
  • Moses Gross, Co-Chairman of PRP, stated, 'PRP's offer is far better for the average shareholder.'
  • Daphna Edwards Ziman, Co-Chairman of PRP, emphasized the goal to grow Paramount and create jobs in Los Angeles.
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Variety broke the news in Los Angeles, United States on Wednesday, February 19, 2025.
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