Former Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global’s parent, National Amusements.
If Paramount receives another offer, which Skydance does not match, it would pay a $400 million break-up fee.
Skydance and its deal partners would acquire National Amusements for $2.4 billion in cash. Ellison’s media firm would subsequently merge with Paramount, offering $4.5 billion in cash or stock to shareholders and providing an additional $1.5 billion for Paramount’s balance sheet.Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global’s parent, National AmusementsBronfman was looking to offer between $2 billion and $2.
The merger with Skydance Media was met with a court challenge last week after Paramount’s investor Scott Baker sued to block the deal citing lower payout for shareholders.Olympics fans can't stop looking at French diver's revealing swimsuitSelena Gomez laughs off ‘It girl era’ video set to Justin Bieber song: ‘I was so depressed back then’Bronfman was looking to offer between $2 billion and $2.
Business Edgar M. Bronfman Mergers & Acquisitions Paramount Shari Redstone
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