Paramount bidders await word from special committee evaluating options

A special committee of Paramount Global's board is reviewing offers for the company after ending exclusive talks with Skydance Media. Paramount, home to popular franchises like "Mission: Impossible," is open to other bids, including an interest expressed by Sony Pictures and Apollo Global Management. Amidst this, Paramount faces challenges from industry strikes, a weak advertising market, and lagging behind in streaming services compared to competitors like Netflix and Disney+.