Former Warner Music Boss Edgar Bronfman Jr Reportedly Sets Sights On Paramount Global And National Amusements
Former Warner Music Boss Edgar Bronfman Jr Reportedly Sets Sights On Paramount Global And National Amusements
In a new development in the media merger landscape, media tycoon Edgar Bronfman Jr. is reportedly gearing up to bid for Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) and National Amusements.
在媒体合并领域的最新发展中,传媒大亨爱德加·布朗夫曼可能会竞标纳斯达克: PARAMA和国家娱乐公司。
What Happened: Bronfman, the former head of Warner Music and Seagram, is reportedly in discussions with various individuals and companies, including Fortress Investment Group, streaming device maker Roku Inc. (NASDAQ:ROKU), and Hollywood producer Steven Paul, to support his bid, according to The Wall Street Journal's unnamed sources.
报道称,布朗夫曼是华纳音乐和席格拉姆的前领导人,正在与各个个人和公司进行讨论,包括堡垒投资集团,流媒体设备制造商roku inc和好莱坞制片人史蒂文·保罗,以支持他的竞标不过目前谈判还在继续中,可能不会最终提出正式的竞标。有消息称,这次竞标可能在未来几天内提交报价。
The bid could be submitted in the coming days, but talks are ongoing and may not culminate in a formal bid, the report said on Thursday.
据报道,这次竞标可能会在未来几天提交,但是谈判正在继续,可能不会形成正式的竞标。
This move comes on the heels of Shari Redstone's agreement to sell her media empire to David Ellison's Skydance Media, a deal currently in a "go-shop period" ending Aug. 21. During this period, other potential buyers can submit offers. If Paramount chooses another offer, it will owe Skydance a breakup fee of $400 million, as per a securities filing. Bronfman had previously expressed interest in buying National Amusements but did not make a bid.
这一举动是在Shari Redstone同意将她的媒体帝国出售给David Ellison的Skydance Media之后,采取的行动。这项交易目前处于“go-shop period”期间,该期限将于8月21日结束。在此期间,其他潜在买家可以提交报价。如果PARAMA选择其他报价,将根据证券文件向Skydance支付4000万美元的协议解除费用。布朗夫曼之前曾表示对收购国家娱乐公司感兴趣,但没有发出报价。
Benzinga has yet to receive any comment from Paramount, Bronfman Jr.'s Waverley Capital, Fortress and Roku on the development.
Benzinga尚未收到来自PARAMA,布朗夫曼的Waverley Capital,堡垒和roku的任何评论。
Why It Matters: If Bronfman secures the financing for this bid, he will face competition from David Ellison and his father, Larry Ellison, co-founder of Oracle, who have the right to counter any incoming bids. Bronfman's plan includes offering Paramount's shareholders the opportunity to own a larger portion of the company than they would under the Skydance deal. He has also discussed bringing in new partners from technology and other industries for potential strategic partnerships if he takes over Paramount.
如果布朗夫曼获得这份报价的融资,他将面临来自David Ellison和他的父亲Larry Ellison的竞争,后者是Oracle的联合创始人,他们有权反击任何即将到来的竞标。布朗夫曼的计划包括提供Paramount的股东比Skydance交易下拥有更大的公司股权的机会。如果他接管Paramount,他还讨论了从科技和其他行业引进新的合作伙伴以进行潜在的战略合作。
Paramount recently reported its first-ever quarterly profit from its streaming business, which includes Paramount+ and Pluto TV. However, it also wrote down the value of its cable TV networks by $6 billion, indicating the challenges facing legacy TV conglomerates. Paramount's second-quarter revenue was down 11% year-over-year, missing a Street consensus estimate.
Paramount最近报告称其流媒体业务(包括Paramount+和Pluto TV)实现了有史以来的第一季度盈利。然而,它还取消了其有线电视网络的价值,达到了60亿美元,表明传统电视企业面临的挑战。Paramount第二季度的营收同比下降11%,未能达到街头共识估值。
If Bronfman makes a bid, the special committee of directors at Paramount will decide whether to extend the go-shop period. Under the terms of the go-shop period, the committee can extend the period if it is in advanced discussions with another potential buyer.
如果布朗夫曼提出报价, PARAMA的董事特别委员会将决定是否延长go-shop period的时间。根据go-shop期限的条件,如果特别委员会正在与另一个潜在买家进行高级别讨论,它可以延长此期限。
Price Action: Paramount Global's Class B stock was trading 0.091% higher at $10.97 during Friday's pre-market after closing at $10.96 on Thursday, according to Benzinga Pro.
价格行动:根据Benzinga Pro的数据,在星期五的盘前交易中,PARAMA的b类股票以10.97美元的价格交易,涨幅为0.091%,周四收盘时的价格为10.96美元。
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本报道使用Benzinga Neuro生成,并由Pooja Rajkumari编辑