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Jon Lafayette

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Edgar Bronfman Jr Paramount Skydance Shari Redstone Sumner Redstone David Ellison Larry Ellison Paramount Global

Melrose gate at Paramount in Los Angeles.

Edgar Bronfman Jr. has dropped the curtain on a last-minute bid to buy Paramount Global.

Paramount Global, struggling under debt and pressure debt and shrinking profits from its cable television networks, had agreed to an $8 billion offer from Skydance Media led by David Ellison, son of billionaire Oracle founder Larry Ellison.

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