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Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman
Paramount said it’s considering a competing acquisition bid led by Seagram heir and media executive Edgar Bronfman Jr., and will extend a so-called go-shop period with merger partner Skydance Media.
Paramount, the owner of Paramount Pictures movie studio, the CBS television network and CBS News, had included the 45-day go-shop period, a window when it would consider competing offers, when it agreed to merge with movie studio Skydance last month.
On Wednesday, Paramount’s special committee of the board of directors said it would extend the go-shop period by an additional 15 days to consider Bronfman’s offer.
While the statement didn’t disclose details about the new bid, the Wall Street Journal reported that Bronfman is offering $6 billion to buy National Amusements, which controls 77% of the voting shares of Paramount, and a minority stake in Paramount. The bid also includes an offer of $16 a share to non-voting Paramount shareholders, representing a 44% premium to Wednesday’s closing price.
Bronfman did not immediately reply to a request for comment from CBS MoneyWatch.
By comparison, the Skydance deal offers $15 a share for non-voting investors, or one share of non-voting stock in the new company. Skydance offered to pay $2.4 billion for National Amusements.
“There can be no assurance this process will result in a superior proposal,” Paramount’s special committee said in the Wednesday statement. “The company does not intend to disclose further developments unless and until it determines such disclosure is appropriate or is otherwise required.”
Skydance, an entertainment business founded in 2010 by David Ellison, son of Oracle founder Larry Ellison, has produced or co-produced hit films and TV shows including “Top Gun: Maverick” and the “Reacher” streaming series.
Bronfman, the former CEO of Warner Music Group, is the current chair of streaming service FuboTV.
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How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
