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What will be the outcome of the Paramount Global acquisition bids by December 31, 2024?
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Paramount Global•Paramount•Shari Redstone•National Amusements•Skydance Media•Bronfman•Paramount Board
Resolution / Starting Odds
Bronfman's bid accepted • 25%
Skydance merger proceeds • 25%
New bid from another party • 25%
No acquisition or merger • 25%
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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Similar markets
Acquisition Completed • 33%
Acquisition Rejected • 33%
No Decision Made • 33%
Bronfman's Bid Accepted • 25%
Skydance's Merger Accepted • 25%
Another Bid Accepted • 25%
No Deal • 25%
Less than $1.75 billion • 25%
$1.75 billion • 25%
$1.75 billion to $2 billion • 25%
More than $2 billion • 25%
Edgar Bronfman Jr. • 25%
Skydance Media • 25%
Another Entity • 25%
No Change • 25%
Yes • 50%
No • 50%
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Below Top 20 • 25%
Bid accepted • 33%
Bid rejected • 33%
No bid made • 33%
CBS • 25%
MTV • 25%
Paramount Pictures • 25%
Other • 25%