Paramount Global Closes Door on ‘Go-Shop’ Period as Edgar Bronfman Jr. Drops Last-Minute Bid for Studio

Edgar Bronfman Jr. has abruptly dropped his eleventh-hour bid for Paramount Global as the clock ticked down on the time frame that his group had to finalize a firm offer that could be a viable alternative to Skydance Media’s pending takeover agreement. Late Monday, Paramount Global’s special committee handling its long M&A process issued a […]