Media executive Edgar Bronfman Jr. withdraws bid for Paramount Global, leaving Skydance Media as potential acquirer.

Media executive Edgar Bronfman Jr. withdraws from his bid to acquire Paramount Global, allowing Skydance Media to potentially secure the opportunity. This follows Paramount's special committee of independent directors extending a deadline for bidders. Skydance Media is now expected to claim the prize as the remaining contender.

August 27, 2024
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