While the merger agreement between Paramount Global (PARA) and Skydance Media remains in the “go-shop” period, the heir of liquor empire Seagram Co. has made a last-minute bid for the media giant. Suggested Reading. Business magnate and media executive Edgar Bronfman Jr. offered $4.3 billion for National Amusements,...

Edgar Bronfman wants to buy Paramount for $4.3 billion — and take it away from Skydance

TheWrap

The $4.3 billion bid calls for a structure where the board would have more independent control over Paramount than under Skydance, according to Bronfman’s offer letter
The post Inside the Bronfman Bid for Paramount:  No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive appeared first on TheWrap.

Inside the Bronfman Bid for Paramount:  No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive

Reuters

(Reuters) -Skydance Media is accusing Paramount Global's special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday.

Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports

In a dramatic turn in the battle for control of Paramount Global, veteran media executive Edgar Bronfman has increased his offer to $6 billion to acquire the controlling interest held by National Amusements, as well as a minority stake in Paramount. This revised bid, reported by Reuters, significantly surpasses Bronfman’s previous offer of $4.3 billion.

Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk

The Motley Fool

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Herbie J Pilato

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Detroit, MI

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The wheels are coming off at Stellantis

TheDailyBeast

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Polk County, FL

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Fort Meade, FL

Uncovering Florida

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[Note: Unless otherwise indicated, the commentary and quotes that appear in this article are from the author's direct interview with those mentioned.]. The original Perry Mason TV series starring Raymond Burr initially aired on CBS from 1957 to 1966. All these decades later, the show remains popular in syndication (and was recently reimagined in a new edition starring Matthew Rhys).

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Illinois State

Stellantis (STLA) is pushing back against the United Auto Workers (UAW) claims that it is going back against the committments it made in its labor deal with the union’s members, saying it “firmly” stands by its promises. Suggested Reading. On Monday, the UAW said locals representing tens...

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JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

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NewsBreak

Edgar Bronfman Jr. upped his Paramount bid to $6 billion, extending negotiations

Liquor heir Edgar Bronfman Jr. has increased his bid for Paramount Global (PARA) to $6 billion, forcing the company’s board to extend the negotiation period for...

Edgar Bronfman Jr. upped his Paramount bid to $6 billion, extending negotiations

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