Skydance Faults Project Rise’s Paramount Bid in FCC Letter (3)

Skydance Media, the independent movie and TV studio that’s seeking to merge with Paramount Global, fired back at complaints by rival bidder Project Rise Partners in a letter to the Federal Communications Commission Monday.

Attorneys for Skydance said Project Rise’s bid was “unserious” and submitted too late to be considered. They said Project Rise Co-Chair Daphna Ziman’s previous company, Cinemoi, North America, declared bankruptcy last year, and that the partnership’s other co-chair, Moses Gross, has no history of financing public company transactions.

“Even if Project Rise’s bid had been timely, it would not have merited ...