Media mogul Edgar Bronfman, Jr. has officially submitted his bid to acquire Paramount Global (PARA) to its parent company National Amusements, according to...
weighs in on Bronfman's $4.3 billion bid to rival the offer from David Ellison 's Skydance Media amid the"go-shop" window allotted for Paramount to close on any deal.Another so that we're watching this morning media executive Edgar Edgar Bromfman junior has submitted a $4.3 billion offer for Sherry Redstone's National amusements.
He would also contribute 1.5 billion to Paramount balance sheet, which could be used to pare down debt, but he will have to pay a $400 million fee to Sky Dance Media if that deal goes through.So the big question here is whether or not it can happen if you take a look at Bronfmans track record as an executive, he's currently executive chairman at the TV.But Broman also was CEO and chairman at Warner Music Group.
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Jr. David Ellison The Wall Street Journal National Amusements Warner Music Group Alexandra Canal Paramount Global Skydance Media Media Mogul
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