Wall Street Journal Summary – Edgar Bronfman Jr. eyes over $2 billion bid for Paramount owner, WSJ reports | The Mighty 790 KFGO

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Over the Paywall – Good Info News Wire

Key Facts

  • Former media executive Edgar Bronfman Jr., supported by private equity firm Bain Capital, is interested in purchasing National Amusements, Paramount’s controlling shareholder.
  • Bronfman is considering offering between $2 billion and $2.5 billion for Shari Redstone’s company, according to informed sources.
  • Hollywood producer Steven Paul, CEO of Crystal Sky Pictures, is also reportedly preparing to bid around $3 billion for National Amusements.

Ex-media executive, Edgar Bronfman Jr., is reportedly interested in acquiring National Amusements, the controlling shareholder of Paramount. Backed by Bain Capital, Bronfman is considering a bid of between $2 billion and $2.5 billion for the company owned by Shari Redstone, as reported by the Wall Street Journal. This news comes amid other reports of potential bidders for National Amusements, notably Hollywood producer Steven Paul, who is speculated to be readying a $3 billion offer. Both National Amusements and Bain Capital have yet to comment on these developments.

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