Edgar Bronfman Jr. has abruptly withdrawn his last-minute bid for Paramount Global as his company ran out of time to present a firm offer that could represent a viable alternative to the pending acquisition agreement with Skydance Media. “This evening, our bidding group informed the Special Committee that we will terminate the go-shop process. It […]
Edgar Bronfman Jr. The future of Paramount 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 initially offered $4.3 billion late Monday night for Shari Redstone’s National […]
Paramount is taking more time before an official handshake with Skydance and is using the additional 15 days granted in the merger agreement to consider another offer – a surprising last-minute offer from Edgar Bronfman Jr., which the heir to the Seagram liquor fortune has just sweetened. The special committee of Paramount’s board that has […]
Paramount is taking more time before an official handshake with Skydance and is using the additional 15 days granted in the merger agreement to consider another offer – a surprising last-minute offer from Edgar Bronfman Jr., which the heir to the Seagram liquor fortune has just sweetened. Bronfman originally made a $4.3 billion offer on […]
Paramount’s special committee has been reviewing Edgar Bronfman Jr.’s competing bid to purchase National Amusements and take control of Paramount and is at least curious to see what it finds. According to the Wall Street Journal, Paramount has extended the “go-shop period” during which other interested bidders could try to match or beat the deal […]
