Edgar Bronfman Jr. gets subpoena in legal battle to block Skydance-Paramount merger: sources
The New York City Pension Fund has issued a subpoena to testify to block Earl Skydance Param's merger in the lawsuit, according to two sources close to the situation. The pension hopes that the former Warner Music CEO and current executive chairman of FUBOTV will be able to reveal whether Project Rise Partners will merge […]
Media exec Bronfman pulls out of race to acquire Paramount
Media industry veteran Edgar Bronfman Jr. announced on Monday that he has withdrawn from the race to take control of Paramount Global. Bronfman’s bid relied on the participation of wealthy individuals who were reluctant to share their personal financial information with Paramount’s special committee and its advisers, people familiar with the matter told Reuters. The […]
Paramount stock edges up as Bronfman reportedly mulls increasing bid again
Paramount shares rose after falling on Monday on speculation that Edgar Bronfman Jr. might raise an already attractive offer to win the bidding battle for the embattled media giant. The veteran media executive reportedly increased his bid for minority stakes in National Amusements and Paramount Global to $6 billion from an initial $4.3 billion last […]
David Ellison’s Skydance demands Paramount stop talks with Edgar Bronfman
Skydance Media has accused Paramount Global’s special board committee of violating the terms of the deal by extending the period during which it could negotiate with other bidders, The Wall Street Journal reported Thursday. This comes after veteran media executive Edgar Bronfman Jr. made a favorable takeover bid for Paramount in exchange for $6 billion […]
Edgar Bronfman sweetens bid for Paramount to $6B: report
Veteran media executive Edgar Bronfman is biding $6 billion to buy National Amusements Inc. and will also buy a minority stake in Paramount Global, the people said. He had previously offered $4.3 billion, according to Reuters. Paramount shares rose more than 2.3% after the close. A competing bid for the home of Paramount Pictures, the […]
Edgar Bronfman Jr to make Paramount bid days before Skydance merger
Alcohol-industry heir Edgar Bronfman Jr. is reportedly preparing to buy Paramount Global, less than a week before its $8 billion merger with Skydance Media becomes official. Bronfman, an entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., is in talks with potential investors to back a takeover bid for National Amusements, the […]
Ex-Warner Music chairman Edgar Bronfman Jr. still pursuing bid for Paramount despite Skydance deal: report
Former Warner Music Chairman Edgar Bronfman Jr. is in talks with bankers about a possible bid for Paramount Global’s parent company, National Amusements. Axios reported Tuesday, citing sources. David Ellison’s Skydance Media struck a deal to buy Paramount earlier this month that included a 45-day “negotiation period” to find better terms. If Paramount receives another […]
Edgar Bronfman Jr. eyes joining Paramount bidding war: report
Edgar Bronfman Jr., the billionaire who once ran Warner Music and liquor giant Seagram, reportedly expressed interest in buying the company that owns Paramount Global on Monday, adding a new twist to the media giant’s chaotic sale. Bronfman, backed by private equity firm Bain Capital, is considering a takeover bid of between $2 billion and […]