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Edgar Bronfman Jr. Bows Out of Paramount Global Bidding War: A Deep Dive into the Entertainment Empire's Power Struggle

August 27, 2024

In a shocking turn of events, Seagram Co. heir and media mogul Edgar Bronfman Jr. has withdrawn from the high-stakes bidding war for Paramount Global. The announcement came after Bronfman's group, comprised of affluent investors, submitted a $6 billion proposal, challenging an earlier $8 billion-p

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