Path clears for Paramount merger with Skydance after Bronfman drops bid

Paramount is the maker and owner of many classic films, including The Godfather (pictured), Titanic and Breakfast at Tiffany’s.

2024-08-27  494  晦涩

A 45-day “go-shop” clause in the merger agreement, allowing Paramount to solicit and evaluate other offers, opened the door to Bronfman . Last week, he emerged with a $4.3bn bid for National Amusements – the vehicle that holds the media tycoon Shari Redstone’s controlling stake in Paramount. Days later, Bronfman’s consortium upped its offer to $6bn.

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