INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Aug 27, 2:23 AM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid By Kiran Tom Sajan Published 08/27/24 AT 2:23 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Paramount said it expects to complete the deal with Skydance in the first half of 2025 Paramount Pictures YouTube/Screenshot Edgar Bronfman Jr. officially withdrew from the bidding process for Paramount Global on Monday, effectively paving the way for Skydance Media to take control of Shari Redstone's media conglomerate.
This marks the end of what has been one of the most intense and unpredictable bidding wars in recent media history, Bloomberg reported. Following this, Paramount announced that it expects to complete the deal with Skydance in the first half of 2025. In his announcement, Bronfman disclosed that his bi.