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Edgar Bronfman Sweetens Paramount Bid To $6 Billion
PARAParamount (PARA) Deadline·2024-08-21 22:33

Edgar Bronfman Jr. has upped his bid for Paramount Global, attempting to pry the Shari Redstone-controlled company away from David Ellison's Skydance. They signed a merger agreement in July but it was contingent on no other better, or at least somewhat intriguing, offer for Par landing before midnight tonight. Bronfman's initial offer lobbed on Monday night was worth $4.3 billion. He's now revised that to $6 billion. There's the same $2.4 billion for Shari Redstone's holding company National Amusements, whi ...