Reported about 2 months ago
Media executive Edgar Bronfman Jr. has withdrawn his bid for Paramount Global, clearing the path for Skydance Media to take control of the company. Bronfman's inability to secure necessary funding and the failure of key partners to commit led to his decision. Paramount's board expects the deal with Skydance to finalize in 2025, following a thorough search for other potential buyers.
Source: YAHOO