An announcement distributed by Business Wire about a supposed new bid for Paramount Global was withdrawn later in the day.

Byron Allen is crafting a new offer to outbid Skydance Media for Paramount Global, with a total deal value of $30 billion including debt.

Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said on Wednesday. Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media,

With three weeks remaining in the “go-shop” period of Paramount Global’s proposed merger with Skydance, it has emerged that a new suitor has joined the fray. Apex Capital Trust, a conglomerate of financial institutions and financial services providers,

Apex Capital Trust, a mysterious buyer, submitted an offer to buy Paramount Global for up to $43 billion, the firm said Wednesday in a press release that has since been pulled by the wire service Business Wire.

Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said Wednesday. Paramount has a 45-day “go-shop” period following the merger agreement with David Ellison’s Skydance Media,