Edgar Bronfman Jr. Consortium Acquisition Proposal Extended in Paramount Global Go-Shop Period
August 21, 2024
Paramount Global’s Special Committee received an acquisition proposal from Edgar Bronfman, Jr. on behalf of a consortium of investors (the “Bronfman Consortium”), which the committee determined qualifies as an “Excluded Party” under the Skydance transaction agreement. As a result, the Special Committee extended the Bronfman Consortium’s go-shop period engagement until September 5, 2024 while the company remains subject to the Skydance transaction agreement.
- Buyers
- Edgar Bronfman, Jr. (on behalf of the Bronfman Consortium)
- Targets
- Paramount Global, NAI, Skydance
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Growth capital
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