Edgar Bronfman Jr. Evaluating Potential Paramount Global Bid Countering Skydance Deal
variety.comTodd Spangler NY Digital Editor Billionaire and one-time media mogul Edgar Bronfman Jr. is still considering making an offer for Paramount Global.
A rep for Bronfman confirmed that he is evaluating options for a potential bid for Paramount. His continued interest in the media conglomerate was first reported by Axios.
On July 7, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, announced a two-part transaction that will result in Skydance buying out Shari Redstone’s National Amusements Inc.
and then merging with Paramount. About $6 billion of the $8 billion to fund the deal is coming from the family of Oracle founder Larry Ellison (David’s father), with about $2 billion from Gerry Cardinale’s RedBird Capital Partners private-equity investment firm.
Read more on variety.com
