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home / news releases / PARAA - Paramount: A Bronfman Deal May Appeal To Shari On Similar Business Experience

PARAA - Paramount: A Bronfman Deal May Appeal To Shari On Similar Business Experience

Paramount Global Class A Common Stock

2024-06-12 16:28:45 ET

Summary

  • NAI ends talks with Skydance, Sony/Apollo backs off, and Edgar Bronfman Jr. emerges as a potential bidder for Paramount.
  • Bronfman's offer, backed by Bain Capital, could potentially transform Paramount by separating it from NAI and improving its value.
  • The deal's success hinges on the price, with potential for a higher bid from Bain and a strategic shift away from ESG focus.

Above: The heart of Shari Redstone's emotional legacy is National Amusements, Inc. (" NAI"). ...

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Paramount: A Bronfman Deal May Appeal To Shari On Similar Business Experience
Stock Information
Company Name: Paramount Global Class A Common Stock
Stock Symbol: PARAA
Market: NASDAQ
Website: paramount.com
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