Edgar Bronfman Jr. Drops His $6 Billion Bet on Paramount

A new bombshell has entered the villa.
Photo-Illustration: Vulture; Photos: Brian van der Brug/Los Angeles Times via Getty Images, Gary Gershoff/WireImage

For most of the year, Paramount and its parent company, National Amusements, have been trying to couple up with a new buyer. It seemed like Skydance had finally won the bid until a new bombshell dropped in the competition to own Paramount. Edgar Bronfman Jr., chairman of FuboTV, raised his competing bid for National Amusements on August 21. According to The Wall Street Journal, Paramount extended the “go-shop period” by 15 days. However, Bronfman Jr and co. must’ve gotten cold feet, and on August 26, they dropped their bid. You probably have questions. Who is Edgar Bronfman…

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