Path clears for Paramount merger with Skydance after Bronfman drops bid

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 98%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

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:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines