Skydance Demands That Paramount Stops Negotiating With Bronfman
Skydance Media is accusing Paramount'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 for the company, according to a letter viewed by The Wall Street Journal.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Paramount Gl
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
Paramount to consider rival takeover bid from Edgar Bronfman Jr.
Paramount Global (NASDAQ:PARA) has extended the “go shop” period of its $8 billion merger agreement with Skydance to evaluate a competing bid from media executive Edgar Bronfman Jr., the former CEO of Warner Music Group and Seagram. The company said on Wednesday it would extend the “go shop” period by 15 days to September 5 to evaluate the new bid.
Paramount Extends Deadline To Review Bronfman Takeover Offer
Paramount Global (PARA) said that its special committee extended the "go-shop" deadline to Sept. 5 as it reviews the latest takeover bid by Edgar Bronfman Jr. that may trump Skydance Media's accepted offer.
Looks like Paramount really does have a second bidder
Paramount announced a merger with Skydance Media in July. The deal, however, had a 45-day period that allowed Paramount to seek other bidders.
Paramount special committee extends Skydance 'go shop' period as it reviews Bronfman offer
Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. The committee said that during the initial "go shop" period it contacted more than 50 third parties to gauge potential acquisition interest.
Edgar Bronfman reportedly sweetens bid for Shari Redstone's Paramount to $6B
The competing offer for the home of Paramount Pictures, the CBS broadcast network and MTV threatens to undo an acquisition by tech scion David Ellison and his firm, Skydance Media.
Bronfman raises bid for National Amusements, Paramount stake to $6 bln, WSJ reports
Veteran media executive Edgar Bronfman Jr sweetened his offer to $6 billion for National Amusements and a minority stake in Paramount Global , people familiar with the matter told the Wall Street Journal on Wednesday.
Edgar Bronfman Raises Offer for National Amusements, Paramount Stake to $6 Billion
Edgar Bronfman Jr. has sweetened his offer for Shari Redstone's media empire, a move that could scuttle her deal to sell to David Ellison's Skydance Media.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Paramount Gl
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
Paramount gets a rival bid from Edgar Bronfman for roughly $4.3 billion
Veteran media executive Edgar Bronfman Jr. has submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, a person familiar with the matter told Reuters.
Bidding war erupts over Paramount as Edgar Bronfman submits $4.3B competing offer
Bronfman's group said they would pay non-Redstone A-Class shareholders $24.53 a share — more than what's envisioned in the Skydance deal.
