'Edgar Bronfman Eyes $2 Billion-Plus Bid For Company That Controls Paramount; Bronfman, Backed By Bain Capital, Has Expressed Interest In Shari Redstone's National Amusements, Which Is Already In Advanced Negotiations To Sell To Skydance Media' - WSJ

Author: Benzinga Newsdesk | June 10, 2024 11:33am

https://www.wsj.com/business/media/edgar-bronfman-eyes-2-billion-plus-bid-for-company-that-controls-paramount-ccad92be?mod=latest_headlines

Former media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, has expressed interest in buying the company that controls Paramount Global, marking yet another twist in one of the messiest deal dramas in recent memory. 

Bronfman, who formerly ran Warner Music and liquor giant Seagram, is looking to offer between $2 billion and $2.5 billion for National Amusements, the privately held movie-theater company through which Shari Redstone controls Paramount Global, according to people familiar with the situation. 

Posted In: PARA PARAA