NEW YORK, 26 August 2024 /PRNewswire/ — The Special Committee of the Board of Directors (the “Special Committee”) of Paramount Global (NASDAQ: PARA, PARAA) (“Paramount” or “the Company”) confirmed today that it has been informed of Edgar Bronfman, Jr. that the tender offer by its investor consortium (the “Bronfman Consortium”) has been withdrawn. Therefore, the […]
Veteran media executive Edgar Bronfman has reportedly increased his offer to acquire Paramount Global to $6 billion. The bid includes the purchase of National Amusements, the company’s majority shareholder, as well as a minority stake in Paramount itself. According to Reuters, this represents an increase from his previous proposal of $4.3 billion. The Wall Street […]
Edgar Bronfman, Jr. Cameron Costa | The future of Outstanding Global is still uncertain. Paramount’s special committee announced Wednesday that it would extend the agreed-upon “go-shop” period of the merger agreement with Skydance by 15 days while it reviews a competing offer from Edgar Bronfman Jr. Bronfman had originally offered $4.3 billion for Shari Redstone’s […]
