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Tag: David Ellison

Paramount shares see a down day as Edgar Bronfman’s departure dashes hopes of a bidding war

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Paramount shares see a down day as Edgar Bronfman’s departure dashes hopes of a bidding war

Paramount Global shares are trading lower today after Edgar Bronfman Jr. exited the Paramount deal last night, disappointing shareholders who had hoped for a bidding war with Skydance. “It was a gamble from the start,” one investor said of Bronfman’s offer. “But you always want a competitive process in the hope that one or both […]

Special Committee of Paramount Board confirms that merger with Skydance will be completed in the first half of 2025

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Special Committee of Paramount Board confirms that merger with Skydance will be completed in the first half of 2025

A special committee of Paramount Global’s board of directors tasked with managing the M&A process has declared the end of the “go-shop” phase of the pending merger with Skydance Media and said the transaction will close in the first half of 2025. In a statement issued this evening following the withdrawal of a rival bid […]