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Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, a person familiar with the matter told Reuters.
Background check company admits hackers stole Social Security numbers in massive breach that affects nearly all AmericansMouse House faces outrage over plans to scrap only theme park attraction designed by Walt Disney Paramount previously agreed to purchase Skydance in an all-stock transaction that values Ellison’s independent media company at $4.75 billion, the companies have said.
The company was acquired in 2000 by Vivendi, whose CEO Jean-Marie Messier was ousted two years later, after embarking on a spending spree that sapped the financial resources of the company. Two people familiar with the matter said Bronfman had explored buying National Amusements prior to Paramount reaching a deal with Skydance, but did not submit an offer.
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Paramount Global/Skydance Deal Gets Edgar Bronfman $4.3B CounterSo here's the thing about that deal that David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc (NAI) announced back in July that would lead to Skydance owning Paramount Global.
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Ex-Warner Music chairman Edgar Bronfman Jr. still pursuing bid for Paramount despite Skydance deal: reportFormer Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global’s parent, National Amusements.
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Paramount Global Cost-Cutting Shuts Down Paramount Television StudiosEarlier this week, the news came down that Paramount Global co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins would begin cutting 15% of the company's global workforce in an effort to eliminate approximately $500 million in costs by the end of the year.
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Edgar Bronfman prepares offer for National Amusements, source saysEdgar Bronfman prepares offer for National Amusements, source says
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Paramount Global starts cutting 2K jobs ahead of Skydance mergerA memo written by Paramount’s three co-chief executive officers was circulated to staffers on Tuesday, according to a report by Bloomberg News.
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As expected, Paramount Global is about to slash and burnParamount Global will enact $500 million in cost cuts by the end of 2024, including eliminating approximately 2,000 jobs
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