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Tag: Special Committee

PARAMOUNT GLOBAL SPECIAL COMMITTEE ANNOUNCES END OF GO-SHOP PROCESS

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PARAMOUNT GLOBAL SPECIAL COMMITTEE ANNOUNCES END OF GO-SHOP PROCESS

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 that the tender offer by its investor consortium (the “Bronfman Consortium”) has been withdrawn.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 […]

Paramount Special Committee Extends Skydance’s Go-Shop Period While Reviewing Bronfman’s Offer

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Paramount Special Committee Extends Skydance’s Go-Shop Period While Reviewing Bronfman’s Offer

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 […]