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


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 […]