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.
在媒體合併領域的最新發展中,傳媒大亨愛德加·布朗夫曼可能會競標納斯達克: PARAMA和國家娛樂公司。
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.
報道稱,布朗夫曼是華納音樂和席格拉姆的前領導人,正在與各個個人和公司進行討論,包括堡壘投資集團,流媒體設備製造商roku inc和好萊塢製片人史蒂文·保羅,以支持他的競標不過目前談判還在繼續中,可能不會最終提出正式的競標。有消息稱,這次競標可能在未來幾天內提交報價。
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.
據報道,這次競標可能會在未來幾天提交,但是談判正在繼續,可能不會形成正式的競標。
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.
這一舉動是在Shari Redstone同意將她的媒體帝國出售給David Ellison的Skydance Media之後,採取的行動。這項交易目前處於「go-shop period」期間,該期限將於8月21日結束。在此期間,其他潛在買家可以提交報價。如果PARAMA選擇其他報價,將根據證券文件向Skydance支付4000萬美元的協議解除費用。布朗夫曼之前曾表示對收購國家娛樂公司感興趣,但沒有發出報價。
Benzinga has yet to receive any comment from Paramount, Bronfman Jr.'s Waverley Capital, Fortress and Roku on the development.
Benzinga尚未收到來自PARAMA,布朗夫曼的Waverley Capital,堡壘和roku的任何評論。
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.
如果布朗夫曼獲得這份報價的融資,他將面臨來自David Ellison和他的父親Larry Ellison的競爭,後者是Oracle的聯合創始人,他們有權反擊任何即將到來的競標。布朗夫曼的計劃包括提供Paramount的股東比Skydance交易下擁有更大的公司股權的機會。如果他接管Paramount,他還討論了從科技和其他行業引進新的合作伙伴以進行潛在的戰略合作。
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最近報告稱其流媒體業務(包括Paramount+和Pluto TV)實現了有史以來的第一季度盈利。然而,它還取消了其有線電視網絡的價值,達到了60億美元,表明傳統電視企業面臨的挑戰。Paramount第二季度的營收同比下降11%,未能達到街頭共識估值。
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.
如果布朗夫曼提出報價, PARAMA的董事特別委員會將決定是否延長go-shop period的時間。根據go-shop期限的條件,如果特別委員會正在與另一個潛在買家進行高級別討論,它可以延長此期限。
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.
價格行動:根據Benzinga Pro的數據,在星期五的盤前交易中,PARAMA的b類股票以10.97美元的價格交易,漲幅爲0.091%,週四收盤時的價格爲10.96美元。
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成,並由Pooja Rajkumari編輯