Aug 26 (Reuters) - Media veteran Edgar Bronfman Jr

pulled out of the race to take control of Paramount Global ( PARAA )

, he said on Monday.

Bronfman's bid relied on participation of high net worth

individuals, who were uncomfortable sharing their personal

financial information with the Paramount special committee and

its advisors, a source close to the matter told Reuters.

"We continue to believe that Paramount Global ( PARAA ) is an

extraordinary company, with an unrivaled collection of marquee

brands, assets and people," Bronfman said in a statement. "While

there may have been differences, we believe that everyone

involved in the sale process is united in the belief that

Paramount's best days are ahead."

Last week, a Bronfman-led investor group had proposed to

take control of Paramount through a $6 billion bid, in which it

would buy the media firm's controlling shareholder, National

Amusements.

That offer for Paramount - home to its namesake film studio,

the CBS broadcast network and cable networks such as Nickelodeon

and Comedy Central - had threatened to derail an $8.4 billion

agreement reached by Paramount and Skydance in July.

Spokespeople for Paramount's special committee could not

immediately be reached for comment. Skydance declined to

comment.