Get the latest gossip
Edgar Bronfman Makes His Move With $4.3 Billion Bid For Paramount Global – Update
Bronfman Bid For Paramount Global Could Come As Early As Tonight As Deadline Looms - The Dish
Skydance and Paramount’s circa $8 billion combination announced in July included a 45-day go-shop period that can be extended twice in 15-day increments, which would kick in if the special committee of Par’s board of directors has another offer credible enough to explore further. It now appears on the cusp of a new entrant in former Seagram scion and entertainment executive at Vivendi Universal and Warner Music, which could declare as early as tonight although it might slide into tomorrow. Phillips, who leads the board’s special committee in assessing bids, was reportedly instrumental in the previous Skydance offer going sour with Paramount Global in June before the two sides came together again.
Or read this on Deadline