Connect with us

Hi, what are you looking for?

Investing

Breaking: Edgar Bronfman Jr. eyes National Amusements deal with Bain Capital support for $2 billion

Former media executive Edgar Bronfman Jr., backed by Bain Capital, has expressed interest in acquiring National Amusements, the controlling entity of Paramount Global, according to The Wall Street Journal.

Bronfman’s bid is estimated to be between $2 billion and $2.5 billion, adding a new layer of complexity to the ongoing negotiations for the company.

Skydance Media in advanced talks with Shari Redstone

The current owner of National Amusements, Shari Redstone, is already in advanced discussions to sell a majority stake to Skydance Media. Skydance, led by David Ellison, has proposed a merger with Paramount Global.

Their offer includes $1.5 billion to help reduce Paramount’s debt and $4.5 billion to buy out nonvoting shares.

This proposal aims to strengthen Paramount’s financial position while facilitating Skydance’s strategic expansion in the media industry.

Potential impacts on Paramount Global

Bronfman’s bid, if successful, could significantly alter the landscape of the ongoing negotiations.

The proposed acquisition by Bronfman and Bain Capital may introduce new strategic directions for Paramount Global, potentially impacting its operational and financial strategies.

The involvement of Bain Capital, a major investment firm, underscores the financial backing and serious intent behind Bronfman’s offer.

The bid’s timing and scale suggest a high-stakes contest for control over one of the entertainment industry’s most influential companies.

With Skydance Media’s existing proposal already on the table, the entry of Bronfman’s bid creates a competitive environment that could influence the final sale terms and the future of Paramount Global.

The post Breaking: Edgar Bronfman Jr. eyes National Amusements deal with Bain Capital support for $2 billion appeared first on Invezz

You May Also Like

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically...

Editor's Pick

New orders for durable goods fell 2.1 percent in November, following a 0.7 percent gain in October. Total durable-goods orders are up 10.6 percent...

Disclaimer: Modernfinancialhabits.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Modernfinancialhabits.com