When the media executive Edgar Bronfman Jr. submitted his last-ditch bid on Monday to take control of Paramount, his approach was greeted with surprise and skepticism.
Who would take his unconventional coalition of investors seriously, especially when an $8 billion deal with Skydance was on the table?
The bid has transformed Paramount’s sale into a battle of family dynasties.
But the deal is now threatened by the bid from Bronfman — a grandson of the Seagram mogul Samuel Bronfman — whose early foray steering the family business into media several decades ago has left a cloud over his career.
The son of one billionaire is now pitted against the son of another.
Persons:
Edgar Bronfman Jr, Skydance, David Ellison, Larry Ellison, Shari Redstone, Bronfman, Samuel Bronfman —, “, ” Terry Kawaja
Organizations:
Paramount, Oracle, Seagram, Luma Partners