Paramount global's special committee announces end of "go-shop" process

New york , aug. 26, 2024 /prnewswire/ -- the special committee of the board of directors (the "special committee") of paramount global (nasdaq: para, paraa) ("paramount" or "the company") today confirmed that it has been informed by edgar bronfman, jr. that the acquisition proposal from his consortium of investors (the "bronfman consortium") has been withdrawn. therefore, the "go-shop" period as defined in the transaction agreement with skydance media, llc has concluded with respect to all parties.
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