Edgar Bronfman drops Paramount bid

Edgar Bronfman Jr. exits his bid to own Paramount, clearing the path for Skydance Media sale. Bronfman, the ex-CEO of Warner Music Group, withdrew his bid just before the merger deadline. Paramount's sale to David Ellison's Skydance Media is now likely to proceed without obstacles. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! A ...