The drawn-out Skydance and Paramount (PARA) merger is all but certain to happen after Edgar Bronfman Jr. dropped his ...

New York — The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar ...

Billionaire entertainment executive Edgar Bronfman Jr. has bowed out of his long-shot bid to gain control of Paramount Global, clearing the way for David Ellison’s Skydance Media to claim the prize.

The special committee of Paramount’s board said in a statement that it had concluded the “go-shop” period, in which it ...

Skydance Media, which outlasted a rival bid from a group led by Edgar Bronfman Jr. last week, is remaining at arm’s length ...

Bronfman's retreat sets the stage for the entertainment giant to be sold to David Ellison's Skydance Media. The committee ...

Aug 26 (Reuters) - Media veteran Edgar Bronfman Jr on Monday withdrew from the race for Paramount Global (PARA.O), opens new tab, clearing the way for Skydance Media to take control of Shari ...

The decision came as the clock ticked down on the time frame within which his group had to finalize a firm offer that could be a viable alternative to Skydance Media’s pending takeover agreement.

Just when the $8.4-billion deal for David Ellison’s Skydance Media to buy Paramount Global was gliding toward the finish line, Shari Redstone’s roller-coaster sale took another sharp turn.

In the latest twist in the Paramount Global M&A saga, Skydance Media is alleging the media company breached the terms of their merger agreement by engaging with a rival $6 billion bid from ...

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr.

Edgar Bronfman Jr. exited his bid to own Paramount, clearing the path for a Skydance Media sale. Bronfman, a former CEO of Warner Music Group, withdrew his bid just before the merger deadline.