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Update: Market Chatter: Edgar Bronfman Mulls $2 Billion-Plus Bid for Paramount-Controlling Company
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Update: Market Chatter: Edgar Bronfman Mulls $2 Billion-Plus Bid for Paramount-Controlling Company
Jun 10, 2024 9:33 AM

12:07 PM EDT, 06/10/2024 (MT Newswires) -- (Updates with Bain Capital's response and MT Newswires' attempt to reach out to Paramount and National Amusements.)

Backed by Bain Capital, Edgar Bronfman Jr. has expressed interest in making an offer of between $2 billion and $2.5 billion to buy National Amusements, the privately held company that controls Paramount Global ( PARAA ) , the Wall Street Journal reported Monday, citing people familiar with the matter.

Bain Capital declined to comment, while Paramount and National Amusements did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 11.90, Change: -0.12, Percent Change: -0.96

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