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What will be the market reaction (in terms of $PARA stock price) to Bronfman's bid within one month?
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Resolution / Starting Odds
Stock increases by 10% or more • 33%
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Stock market data from financial platforms like Yahoo Finance, Bloomberg
Story
Edgar Bronfman Jr. Bids $2 Billion-Plus for National Amusements ($PARA)
Jun 10, 2024, 03:33 PM
Former media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, has expressed interest in buying National Amusements, the company that controls Paramount Global. Bronfman's bid is reported to be in the range of $2 billion to $2.5 billion. Shari Redstone currently controls Paramount Global through National Amusements. The bid was reported by WSJ and involves the stock symbol $PARA.
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