Media exec Edgar Bronfman Jr. pulls out of race to acquire Paramount

Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global, he said on Monday. Bronfman's bid relied on participation of high net worth individuals, who were uncomfortable sharing their personal financial information with the Paramount special committee and its advisors, a source close to the matter told Reuters. The offer for Paramount had threatened to derail an $8.4 billion agreement reached by Paramount and Skydance in July. REUTERS "We continue to believe that Paramount ...