Edgar Bronfman Jr. Considers Counteroffer as Paramount-Skydance Deal Advances
Bronfman evaluates a potential bid for Paramount Global amidst a 45-day window to secure better offers, risking a $400 million breakup fee.
- Bronfman is exploring a bid for National Amusements, Paramount Global's controlling shareholder.
- Skydance Media's $8 billion deal to acquire and merge with Paramount includes a 45-day 'go-shop' period.
- Paramount must pay a $400 million breakup fee if a rival bid is accepted.
- Barry Diller has withdrawn his interest, citing Larry Ellison's vast financial resources.
- Bronfman's final bid details and financial backers remain unclear.