'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
Portfolio Pulse from Benzinga Newsdesk
Edgar Bronfman Jr., backed by Bain Capital, is interested in buying National Amusements, the company controlling Paramount Global, for $2 billion to $2.5 billion. National Amusements is already in advanced negotiations to sell to Skydance Media.
June 10, 2024 | 3:33 pm
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Edgar Bronfman Jr., backed by Bain Capital, is interested in buying National Amusements, which controls Paramount Global, for $2 billion to $2.5 billion. This could impact Paramount Global's strategic direction and ownership structure.
The potential acquisition of National Amusements by Edgar Bronfman Jr. and Bain Capital could lead to significant changes in the ownership and strategic direction of Paramount Global, which may positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Edgar Bronfman Jr., backed by Bain Capital, is interested in buying National Amusements, which controls Paramount Global, for $2 billion to $2.5 billion. This could impact Paramount Global's strategic direction and ownership structure.
The potential acquisition of National Amusements by Edgar Bronfman Jr. and Bain Capital could lead to significant changes in the ownership and strategic direction of Paramount Global, which may positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80