News Formal

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 37 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 53%

Mynorthwest.Com - Seattle News Notizia

Sports,Weather,Traffic

NEW YORK (AP) — The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a

FILE - The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles. NEW YORK — The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

Bronfman, the former chairman and CEO of Warner Music, had intitially offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, according to multiple media reports. He then upped that bid to $6 billion. Shari Redstone’s National Amusements has owned more than three-quarters of Paramount’s Class A voting shares through the estate of her late father, Sumner Redstone. She had battled to maintain control of the company that owns CBS, which is behind blockbuster films such as “Top Gun” and “The Godfather.”

The proposed combined company of Paramount and Skydance is valued at around $28 billion. The deal is expected to close in September 2025, pending regulatory approval.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 438. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go aheadThe merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Fonte: ksatnews - 🏆 442. / 53 Leggi di più »

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go aheadThe merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Fonte: wjxt4 - 🏆 246. / 63 Leggi di più »

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go aheadThe merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer. Bronfman is executive chairman of streaming service Fubo. He told Paramount’s special committee of directors that he would not proceed with his bid.
Fonte: AP - 🏆 728. / 51 Leggi di più »

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.
Fonte: CBSNews - 🏆 87. / 68 Leggi di più »