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.

Topics:  ceo   warner music   paramount   skydance   edgar bronfman jr   merger   billion   
BING NEWS:
  • Stephen Colbert Says ‘All Hail Skydance,’ Calls David Ellison ‘Our Spice Lord’ as Paramount Acquisition Nears
    Stephen Colbert took a moment to praise Skydance as the company comes closer to acquiring CBS parent company, Paramount.
    09/10/2024 - 5:59 am | View Link
  • Paramount To Be Controlled By World's Sixth-Richest Man Larry Ellison: How Helping His Son Landed A Media Stake
    Larry Ellison is helping to finance the merger between Paramount and Skydance and will get rewarded with a controlling interest in the new media company.
    09/6/2024 - 7:06 am | View Link
  • Tech Tycoon Larry Ellison Will Control Paramount Global After Skydance Deal Closes: Filing
    Larry Ellison will be the majority shareholder of National Amusements Inc., which controls Paramount Global, once the Skydance deal closes.
    09/5/2024 - 8:36 am | View Link
  • Edgar Bronfman Jr. drops bid, paving way for Paramount's takeover by Skydance Media
    (Reuters) -Media veteran Edgar Bronfman Jr. has withdrawn from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone's empire and ending one of the most ...
    08/26/2024 - 10:41 pm | View Link
  • Edgar Bronfman drops Paramount bid, clearing path for Skydance deal
    Media veteran Edgar Bronfman Jr on Monday withdrew from the race to bid for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone's media empire. In a statement, ...
    08/26/2024 - 3:24 pm | View Link
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