‘I’m out’: Edgar Bronfman Jr drops Paramount bid, company will merge with Skydance in 2025
Following Bronfman's withdrawal, Paramount's special committee announced an end to the "go-shop" period in its merger with Skydance Media
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Following Bronfman's withdrawal, Paramount's special committee announced an end to the "go-shop" period in its merger with Skydance Media
The extension will give Paramount's special committee more time to consider Edgar Bronfman Jr's bid for the company, which is believed to have risen...
Paramount's special committee is expected to consider the new bid from media mogul Edgar Bronfman Jr tomorrow
The lawsuit submitted by investor Scott Baker claims the deal would cost Paramount shareholders $1.65 billion
Once approved, Skydance CEO David Ellison will become CEO of the new company, currently named New Paramount
The two sides are said to have reached a tentative agreement with terms being sent for review to the special committee set up to...
The company said it had not been able to "reach mutually acceptable terms regarding the potential transaction with Skydance Media"
Paramount's board is expected to vote on the Skydance deal on Tuesday (June 4th) as part of the company's annual meeting
According to multiple reports, the new bid from Skydance offers a better deal to Paramount's Class B shareholders, who were said to be unhappy...