Shari Redstone and the company’s special committee of the board of directors are more seriously considering a last-minute offer for Paramount Global. The multibillion-dollar offer from a group led by Edgar Bronfman Jr. came before Paramount’s 45-day “go-shop” period to consider alternative acquisition proposals officially ended on Aug. 21. The deadline was extended, suggesting the […]
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 […]
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 Bronfman originally made a $4.3 billion offer on […]
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City on August 8, 2024. Spencer Platt | U.S. stock futures fell slightly on Friday as investors sought to gain further ground following this week’s sell-off. S&P 500 futures fell by 0.3%, while Nasdaq-100 futures fell 0.5%. Futures linked […]
