Part of the story Paramount's merger with Skydance and its takeover of Warner Bros. Discovery Coverage dated August 19, 2024 to August 21, 2024
Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman Headline from CBS News, on the newest of 2 developments
The decision to consider the bid from Seagram heir Edgar Bronfman comes after Paramount had agreed to merge with Skydance.
CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
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Developments in this update 2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Aug 20, 2024
Bronfman Reportedly Bids $4.3B for Control of Paramount
Headline from Investopedia · 10 reports in this development
Aug 22, 2024 Newest
Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman
Headline from CBS News · 5 reports in this development
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15 articles, oldest first.
Quartz
Edgar Bronfman wants to buy Paramount for $4.3 billion — and take it away from Skydance ↗ (opens Quartz) Published Aug 19, 2024
Quartz's feed description The "go-shop" period under the Paramount-Skydance deal ends Wednesday
The Guardian
Paramount Global receives $4.3bn takeover offer from Edgar Bronfman Jr ↗ (opens The Guardian) Published Aug 19, 2024
The Guardian's feed description Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media
Variety
Edgar Bronfman Jr. Makes $4.3 Billion Bid to Take Control of Paramount Global in Challenge to Skydance Deal ↗ (opens Variety) Published Aug 19, 2024
Variety's feed description Edgar Bronfman Jr. submitted an offer valued at $4.3 billion to acquire National Amusements Inc., the controlling shareholder of Paramount Global.
Deadline
Edgar Bronfman Backers, More Details Of Bid For Paramount That Seeks To Unseat Skydance ↗ (opens Deadline) Published Aug 19, 2024
Deadline's feed description Edgar Bronfman's bid for Paramount includes backers Steve Paul and Paul Dejoria, Brock Pierce and a Kazakh businessman. He wants Paramount's board to extend the go-shop agreement with Skydance.
CNN
Paramount suddenly has a bidding war as Edgar Bronfman makes an offer ↗ (opens CNN) Published Aug 19, 2024
CNN's feed description Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid to take over Paramount Global.
Deadline
Edgar Bronfman Makes His Move With $4.3 Billion Bid For Paramount Global – Update ↗ (opens Deadline) Published Aug 19, 2024
Deadline's feed description Edgar Bronfman Jr. has made his bid for Paramount Global, looking to rival Skydance ahead of an 11:59 ET deadline on Aug. 21.
New York Post
Bidding war erupts over Paramount as Edgar Bronfman submits $4.3B competing offer ↗ (opens New York Post) Published Aug 19, 2024
New York Post's feed description The drama around Paramount Global is entering a new act after media mogul Edgar Bronfman Jr. submitted a $4.3 billion bid that could put the company's proposed merger with David Ellison's Skydance Media on ice.
New York Post
Edgar Bronfman submits roughly $4.3B rival bid for Paramount Global ↗ (opens New York Post) Published Aug 19, 2024
New York Post's feed description Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, a person familiar with the matter told Reuters.
Investopedia
Bronfman Reportedly Bids $4.3B for Control of Paramount ↗ (opens Investopedia) Published Aug 19, 2024
Investopedia's feed description Media executive Edgar Bronfman Jr. has reportedly submitted a formal $4.3 billion bid for National Amusements, the controlling shareholder of Paramount Global, after Skydance Media struck a deal for Shari Redstone's media empire last month.
The Hollywood Reporter
Paramount’s New Suitor: Edgar Bronfman Unveils $4.3B Bid ↗ (opens The Hollywood Reporter) Published Aug 19, 2024
The Hollywood Reporter's feed description Edgar Bronfman Jr. has submitted a formal offer for Paramount Global.
Deadline
Skydance Urges Paramount To Spurn Edgar Bronfman-Led Offer ↗ (opens Deadline) Published Aug 21, 2024
Deadline's feed description Skydance Media is urging Paramount Global to stop considering a proposal by an investor group led by Edgar Bronfman Jr. to buy control of the company.
CBS News
Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman ↗ (opens CBS News) Published Aug 21, 2024
CBS News's feed description The decision to consider the bid from Seagram heir Edgar Bronfman comes after Paramount had agreed to merge with Skydance.
Quartz
Edgar Bronfman Jr. increases his Paramount bid to $6 billion, extending negotiations ↗ (opens Quartz) Published Aug 21, 2024
Quartz's feed description The Liquor heir is trying to stop the planned merger between Paramount and Skydance
Variety
Skydance Accuses Paramount of Violating Deal Agreement by Negotiating With Edgar Bronfman Jr.: Report ↗ (opens Variety) Published Aug 21, 2024
Variety's feed description Skydance Media is alleging Paramount Global breached the terms of their merger agreement by engaging with a rival bid from Edgar Bronfman Jr.
New York Post
David Ellison’s Skydance demands Paramount stop talks with Edgar Bronfman ↗ (opens New York Post) Published Aug 21, 2024
New York Post's feed description Skydance Media is accusing Paramount Global's special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday.