Paramount special committee extends Skydance 'go shop' period as it reviews Bronfman offer

The future of Paramount Global is still uncertain. Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion for Shari Redstone's National Amusements, the controlling shareholder of Paramount, according to a person familiar with the bid. However, after placing the bid late Monday, Bronfman raised more funds to support a higher ...