News Formal

Edgar Bronfman's Paramount bid could keep Shari Redstone involved at company: report

  • 📰 nypost
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 67%

Media News

Business,Edgar M. Bronfman,Mergers & Acquisitions

Today's Business Headlines: 8/23/24

Edgar Bronfman Jr. is open to having Shari Redstone remain involved with Paramount Global if its special committee accepts his consortium’s bid for National Amusements, the controlling shareholder,Bronfman’s competing offer threatens to undo a planned acquisition by tech scion David Ellison and his independent studio Skydance Media.

If Paramount, controlled by Redstone’s family business, accepts an offer that Skydance does not match, it would have to cough up a $400 million in break-up fee.Bronfman is open to having Shari Redstone remain involved with the company if the Paramount special committee accepts his consortium’s bid for National Amusements.Paramount and its special board committee declined a Reuters request for comment, while National Amusements and Bronfman did not immediately respond.

Skydance Media accused Paramount Global’s special committee of breaching the terms of its deal by extending the time period when it can engage with other bidders, the Wall Street Journal had reported on Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bronfman's Paramount bid could keep Shari Redstone involved at the companyEdgar Bronfman Jr. is open to having Shari Redstone remain involved at Paramount if the special committee accepts his consortium’s bid for a controlling…
Source: NBCNewYork - 🏆 270. / 63 Read more »

Bronfman's Paramount bid could keep Shari Redstone involved at the companyEdgar Bronfman Jr. is open to having Shari Redstone remain involved at Paramount if the special committee accepts his consortium’s bid for a controlling…
Source: nbcchicago - 🏆 545. / 51 Read more »

Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar BronfmanThe decision to consider the bid from Seagram heir Edgar Bronfman comes after Paramount had agreed to merge with Skydance.
Source: CBSNews - 🏆 87. / 68 Read more »