Path clears for Paramount merger with Skydance after Bronfman drops bid

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Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

Paramount is the maker and owner of many classic films, including The Godfather , Titanic and Breakfast at Tiffany’s.Paramount is the maker and owner of many classic films, including The Godfather , Titanic and Breakfast at Tiffany’s.

Bronfman reportedly failed to come up with the equity to finance the deal after a few of his partners dropped out at the last minute, according to Reuters. The deal will, if it is completed, sever links with the Redstone family, whose media empire has included Paramount since 1994.

 

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