Comment on Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance’s merger

Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance’s merger

Bronfman, the former chairman and CEO of Warner Music, had initially offered $4.3 billion for Paramount before increasing it to $6 billion. The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

 

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