JOURNAL ARTICLE

Edgar Bronfman to Prepare an Offer for Paramount Global.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Buckley, Thomas; Miller, Hannah; Palmeri, Christopher 3 of 3

Abstract

Edgar Bronfman Jr., heir to Seagram Co., is considering making an offer for Paramount Global, which could lead to a bidding war for the film and TV company that owns CBS and MTV. Bronfman is also contemplating an offer for National Amusements Inc., the Redstone family company that controls Paramount, as well as an investment in Paramount itself. This comes after Paramount agreed to merge with Skydance Media, but Bronfman's group believes their proposal is a better deal for investors. Paramount recently began cutting 2,000 US jobs and reported a second-quarter loss. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:179044024
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.