Get the latest gossip
Paramount Merger Saga Continues: Go-Shop Period Extended As Edgar Bronfman Vies With Skydance, Boosts His Offer To $6B
This just in: the Paramount special committee has extended the go-shop period as Edgar Bronfman Jr. has raised his bid for the entertainment conglom to $6 billion. Deadline has confirmed the news. Bronfman’s originally submitted a $4.3 billion offere on Monday night. The difference in before and after is $1.7 billion to cash out some […]
Edgar Bronfman Jr., Paramount StudiosGetty Images This just in: the Paramount special committee has extended the go-shop period as Edgar Bronfman Jr. has raised his bid for the entertainment conglom to $6 billion. The difference in before and after is $1.7 billion to cash out some of Paramount’s other shareholders, who mostly hold Class B nonvoting stock, at $16 a share. Bronfman’s bid includes the $400M kill fee which Skydance stipulated should Paramount opt to go with another suitor.
Or read this on Deadline
