In its letter, Coliseum states that it believes the offer by New Mountain Capital, L.L.C. to acquire the Company for cash consideration of $13.75 per share significantly undervalues the Company.

Variety has obtained a legal letter that is being sent to Paramount's board Friday, Jan. 24, from Project Rise Partners that outlines a new bid that is higher than an all-cash offer the consortium ...

A $26 billion offer for Paramount Global values the company higher than the company’s current $22 billion enterprise value. Shari Redstone in Laguna Beach, Calif., in 2019. Mike Blake / Reuters file ...