Edgar Bronfman drops his $6 billion Paramount bid
Alex Millauer/ Shutterstock; BI
- Edgar Bronfman Jr. exits his bid to own Paramount, clearing the path for Skydance Media sale.
- Bronfman, the ex-CEO of Warner Music Group, withdrew his bid just before the merger deadline.
- Paramount's sale to David Ellison's Skydance Media is now likely to proceed without obstacles.
Edgar Bronfman Jr. just walked away from his last-minute bid to own Paramount, setting the media giant back on track to be sold to Skydance Media.
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