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Top related persons:
Edgar Bronfman Jr - 4 Bronfman - 3 Skydance - 3 Bronfman's - 3 Shari Redstone's - 2 Centerview - 1 David Ellison's Skydance - 1 Spokespeople - 1
Top related locs:
Bronfman Miller Redstone Deerfield , Illinois Paramount's
Top related orgs:
Paramount - 5 Paramount Global - 3 Skydance Media - 3 Wall Street - 2 RedBird Capital Partners - 2 National Amusements - 2 Skydance - 2 Centerview Partners - 1

Search resuls for: "Bronfman's"


5 mentions found


☆ Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing
  + stars: | 2024-08-27 | by ( Alex Sherman Lillian Rizzo | Alex Sherman | In Alex-Sherman | ) www.cnbc.com   time to read: +3 min
Edgar Bronfman Jr. walked away from his bid for Paramount after the company's special committee demanded his consortium submit a final offer Monday, according to people familiar with the matter. Bronfman dropped his 11th hour bid just a week after the media executive made an initial offer of $4.3 billion for Shari Redstone's National Amusements, the controlling shareholder of Paramount. Bronfman said last week in a letter to the Paramount special committee that he had rounded up 19 financial backers, as first reported by The Wall Street Journal. Spokespeople for Bronfman, Skydance and the Paramount special committee declined to comment. The special committee said late Monday the go-shop period was now over.
Persons: Edgar Bronfman Jr, Bronfman, Centerview, David Ellison's Skydance, Shari Redstone's, Skydance, Spokespeople, Bronfman's, RedBird Capital Partners — Organizations: Paramount, Centerview Partners, David Ellison's Skydance Media, Bronfman's, Fortress Investment Group, BC Partners, Wall Street, wouldn't, RedBird Capital Partners
☆ Bronfman's Paramount bid could keep Shari Redstone involved at the company
  + stars: | 2024-08-23 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
Edgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Both Bronfman's bid and Skydance's bid would also include money to buy out a percentage of Paramount Global common shareholders. At $6 billion, Bronfman's bid would give cash to about 20% of Class B holders at $16 per share. The Paramount Global special committee will determine if Bronfman's offer is a superior proposal for shareholders by Aug. 28. Spokespeople for Redstone, Bronfman, the Paramount Global special committee and Skydance all declined to comment.
Persons: Edgar Bronfman Jr, Shari Redstone, Bronfman, Sumner Redstone, Bronfman's, Skydance, Jon Miller, Skydance . Miller, —, Jason Ostheimer, Miller, Shari Redstone haven't, David Ellison Organizations: Paramount Global, Paramount, National Amusements, Skydance Media, Skydance, Redstone, Bronfman Locations: Bronfman, Miller, Redstone
☆ Here are Wolfe's favorite stocks as market approaches fresh record
  + stars: | 2024-08-23 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +3 min
According to Wolfe, Expedia has returned just 3% over the last twelve months and an estimated 2024 price-to-earnings ratio of 10. The online travel agency is rated overweight by analysts polled by FactSet, who have a consensus price target implying 11% potential upside. Walgreens is another long-term favorite that popped up on Wolfe's screens. The stock has 25.3 % potential upside, according to analysts' consensus price target of $12.57, according to FactSet. Other stocks that made Wolfe's "Greatest Hits List" included coffee chain Starbucks , automaker General Motors and medical device maker Medtronic .
Persons: Wolfe, Jerome Powell, Chris Senyek, Expedia, FactSet, Bernstein, Richard Clarke, Clarke, Edgar Bronfman Jr, Bronfman's Organizations: Wolfe Research, Federal, Dow, Nasdaq, Walgreens Boots, Walgreens, Amazon, Paramount Global, Skydance Media, National Amusements, Paramount, General Motors Locations: Deerfield , Illinois
☆ Media power struggle: Paramount deal in jeopardy?
  + stars: | 2024-08-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMedia power struggle: Paramount deal in jeopardy? Matt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the state of play for Paramount, whether Edgar Bronfman's $6 billion bid for National Amusement and a stake in Paramount should be taken seriously, and more.
Persons: Matt Belloni, Puck, Edgar Bronfman's Organizations: Media, Paramount, National Amusement
☆ Paramount special committee extends Skydance 'go shop' period as it reviews Bronfman offer
  + stars: | 2024-08-22 | by ( Lillian Rizzo Alex Sherman | Lillian Rizzo | Alex Sherman | ) www.cnbc.com   time to read: +4 min
As part of the bid, Bronfman would acquire a minority stake in Paramount. However, after placing the bid, Bronfman raised more funds to support a higher bid, said the person, who asked to remain anonymous to speak about specifics of the offer. On Wednesday, Bronfman upped the bid and submitted a revised offer of $6 billion, the person said. The agreement included a 45-day "go shop" period during which Paramount could solicit other offers. Money manager Mario Gabelli reportedly filed a lawsuit looking for Paramount to turn over its books related to the Skydance deal — a possible first step toward a lawsuit challenging the deal.
Persons: Edgar Bronfman Jr, Bronfman, Shari Redstone's, Edgar Bronfman , Jr, Skydance, Mario Gabelli, Scott Baker Organizations: Paramount Global, Skydance, Paramount, Skydance Media, Bronfman Consortium, RedBird Capital Partners, KKR, National, Amusements, nonvoting Paramount, Warner Music, Seagram, Wall Street Locations: Paramount's
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