Pepsi and Paramount Global take a trip back in time to prove that television advertising still has a future. Starting Thursday, the soda giant is launching a massive video campaign set in ancient Rome that promotes not only some of its flagship beverages, but also Paramount’s upcoming “Gladiator II,” the new NFL season and even […]
Some companies, like Bath & Body Works and Southwest Airlines, can help investors get through what has historically been a rough month for stocks. According to the Stock Trader’s Almanac, September is notoriously the worst month of the year for the S&P 500, Dow Industrials, Nasdaq Composite and Russell 2000 — and the last four […]
Erik Gruenwedel 27 August 2024 The special committee of Paramount Global’s board that reviews takeover offers announced late Monday that its extended “go-shop” window for third-party suitors had closed after the rejection of a $6 billion offer from investor Edgar Bronfman Jr. The committee now fully supports a previously existing $8 billion deal with Santa […]
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 that the tender offer by its investor consortium (the “Bronfman Consortium”) has been withdrawn.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 […]
A special committee of Paramount Global’s board of directors tasked with managing the M&A process has declared the end of the “go-shop” phase of the pending merger with Skydance Media and said the transaction will close in the first half of 2025. In a statement issued this evening following the withdrawal of a rival bid […]
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 has abruptly withdrawn his last-minute bid for Paramount Global as his company ran out of time to present a firm offer that could represent a viable alternative to the pending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 […]
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022. Justin Sullivan | Walmart The members are in for a huge deal. The retailer announced a new partnership with fast-food chain Burger King on Thursday that will offer members of the Walmart+ subscription program 25% off any Burger King order […]
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 […]
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 […]
