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What will be the next major corporate action involving Paramount Global by December 31, 2024?
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Paramount Global•Paramount•Shari Redstone•National Amusements•Skydance Media•Bronfman•Paramount Board
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Merger with Skydance • 25%
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Official announcements from Paramount Global, National Amusements, and regulatory filings
Story
Bronfman Raises Bid for Shari Redstone's Paramount to $6 Billion
Aug 21, 2024, 11:06 PM
Edgar Bronfman Jr. has raised his bid to acquire a controlling stake in Paramount Global to $6 billion, up from his initial offer of $4.3 billion. This move comes as Paramount, owned by Shari Redstone's National Amusements, is in the process of merging with Skydance Media. Bronfman's proposal includes a $1.7 billion tender offer aimed at non-Redstone, nonvoting shareholders. The Paramount Board has extended the 'go-shop' period by 15 days to further evaluate Bronfman's offer. This development could potentially disrupt the existing merger agreement with Skydance Media.
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