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Will the Paramount-Skydance Media merger be disrupted by December 31, 2024?
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Paramount Global•Paramount•Shari Redstone•National Amusements•Skydance Media•Bronfman•Paramount Board
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Paramount Global, Skydance Media, or 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
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Cost cuts greater than $2 billion • 25%
Cost cuts between $1.5 billion and $2 billion • 25%
Cost cuts between $1 billion and $1.5 billion • 25%
Cost cuts less than $1 billion • 25%
David Ellison • 25%
Jeff Shell • 25%
Shari Redstone • 25%
Other • 25%
Stock price increases by more than 10% • 25%
Stock price increases by 0-10% • 25%
Stock price decreases by 0-10% • 25%
Stock price decreases by more than 10% • 25%