Candidates to acquire Paramount Global are awaiting information from the special committee charged with evaluating options.

A special committee of Paramount Global’s board charged with evaluating bids to take over the company met on Saturday morning, but rival bidders are waiting to hear the next steps.

Paramount ended its exclusive negotiations with Skydance Media without reaching an agreement on Friday, allowing the special committee to consider other offers for the “Mission: Impossible” and “SpongeBob SquarePants” production house.

The New York Times reported on Sunday that Paramount’s special committee has agreed to begin negotiations with Sony and Apollo. The group of bidders will likely push Apollo to own the broadcast license rights to CBS, the report added, citing people familiar with the matter.

A Paramount Special Committee spokesman was unable to confirm this information.

The committee has not yet contacted Sony Pictures Entertainment, which along with private equity firm Apollo Global Management sent a letter on Wednesday expressing interest in acquiring Paramount, according to two sources familiar with the matter.

Meanwhile, David Ellison’s Skydance, which has been engaged in negotiations for months with Paramount and its majority shareholder, Shari Redstone, is weighing its options, Reuters reported.

Paramount, like other studios, has been struggling to recover from months of strikes by Hollywood writers and actors last year, a weak advertising market and declining cable subscriptions in the United States, which eroded the profits of its television business.

Its streaming service, Paramount+, also lags behind competitors like Netflix and Disney+ in terms of subscriber numbers — though Redstone had hoped the 2019 merger of CBS and Viacom would help the combined company, renamed Paramount Global, be more Competitiveness.

Paramount shares have fallen more than 65% since then, losing more than $14 billion in market value. (Additional reporting by Dawn Chmielewski in Los Angeles; Additional reporting by Gursimran Kaur; Writing by Danielle Wallis and Deepa Babington)