Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew The veteran media executive Edgar Bronfman Jr has abandoned a $6bn (£4.5bn) bid for Paramount Global, clearing the path for the conglomerate’s multibillion-dollar merger with the production group Skydance Media.Bronfman, the former chief executive of Warner Music, had gathered a consortium of investors in an attempt to gazump the proposed merger between Paramount and Skydance, which had been paused to allow Paramount to consider other offers. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/27/path-clears-for-paramount-merger-with-skydance-after-bronfman-drops-bid
Author : Kalyeena Makortoff
Publish date : 2024-08-27 10:32:56
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Path clears for Paramount merger with Skydance after Bronfman drops bid
