Paramount Gets Competing Bid From Bronfman Consortium
Media executive Edgar Bronfman entered a bid for Paramount Global, Paramount said Thursday. Acting on behalf of an investor group, Bronfman has extended the "go shop" period under the transaction agreement Paramount already has with studio Skydance Media (see 2407080025),…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
letting Paramount continue soliciting competing offers. The company said the go shop period now runs to Sept. 5. It said that the board's special committee contacted more than 50 third parties to gauge their interest in making a proposal to buy Paramount. Formerly CEO and chairman of Warner Music, Bronfman is chairman of FuboTV.