Liquor scion reportedly preps bid for Paramount — days before Skydance merger is official
Posted: Mon Aug 19, 2024 12:33 am
https://nypost.com/2024/08/15/business/ ... ce-merger/
Liquor scion Edgar Bronfman Jr. is preparing to bid for Paramount Global less than a week before a pending $8 billion merger with Skydance Media becomes official, according to a report.
Bronfman, the entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., has been engaged in talks with potential investors about backing a bid for National Amusements, the parent company that controls Paramount Global, according to The Wall Street Journal.
The Journal cited sources as saying that a bid could be made within the next few days although they caution that it is possible Bronfman declines to formally submit a proposal.
Bronfman has until Aug. 21 to make his pitch since that is the day the “go-shop period” during which Paramount is allowed to solicit rival bids formally ends.