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
Location
United States
Transaction Type
Growth capital

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