Paramount: end of consultation period
(CercleFinance.com) - The Special Committee of the Board of Directors of Paramount Global announces the decision of Edgar Bronfman, leading a consortium of investors, to withdraw its proposal to acquire the media and entertainment group.
As a result, the consultation period has ended for all parties, and the transaction with Skydance Media is expected to close in H1 2025, subject to regulatory approvals and other customary conditions.
After nearly eight months of thoroughly exploring share opportunities for Paramount, our Special Committee continues to believe that the agreed transaction with Skydance delivers immediate value, it says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
As a result, the consultation period has ended for all parties, and the transaction with Skydance Media is expected to close in H1 2025, subject to regulatory approvals and other customary conditions.
After nearly eight months of thoroughly exploring share opportunities for Paramount, our Special Committee continues to believe that the agreed transaction with Skydance delivers immediate value, it says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.