This is according to sources tonight.
The news formally puts to rest theonly other confirmed offer on the tableto acquire Paramount.
If Paramount opts to accept another offer, it would pay Skydance a termination fee of $400 million.
Water towers on the Paramount and Sony lotsGetty Images
Barry Diller and his company IAC isleft as a potential suitor.
Edgar Bronfman Jr. also was interested.
auctioning off CBS, linear channels like MTV and the Paramount+ streaming service.
The whole notion of breaking up Paramount, we hear, didnt really win the Shari Redstone team over.
Calls to Sony for comment were not returned.
