Edgar Bronfman Jr. Still Mulling Bid For Paramount Control During Skydance “Go-Shop” Period
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deadline.comVeteran media exec Edgar Bronfman Jr. is continuing to explore a bid for National Amusements Inc., Paramount Global‘s controlling shareholder.
Paramount and Skydance in early July agreed to terms on a two-step deal that would see Skydance acquire NAI and then merge with Paramount.
The deal, which calls for an investment by Skydance and its backers of about $8 billion, includes a 45-day “go-shop” period, which is set to expire on August 21.
Sources familiar with the discussions told Deadline that Bronfman, the Seagrams scion who has held the posts of vice chairman of Vivendi Universal and CEO of Warner Music, has been doing due diligence and speaking with financial backers.
Read more on deadline.com
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