Edgar Bronfman “Exiting” $6B Bid For Paramount, Clears Way For Skydance Merger

The Paramount Global ball is back in Skydance‘s court as Edgar Bronfman has suddenly discontinued his $6 billion bid for the Shari Redstone-run media giant. “Tonight, our bidding group informed the special committee that we will be exiting the go-shop process. It was a privilege to have the opportunity to participate,” Bronfman announced Monday evening. […]