Paramount Extends Deadline To Review Bronfman Takeover Offer

KEY TAKEAWAYS Paramount Global's special committee has extended the "go-shop" deadline to Sept. 5 as it reviews the latest takeover bid by Edgar Bronfman Jr. that may trump Skydance Media's accepted offer. The Wall Street Journal reported that Bronfman raised his offer for Shari Redstone's media empire to $6 billion for Paramount controlling shareholder National Amusements and a minority stake in the entertainment giant. David Ellison's Skydance had agreed to a deal with Redstone worth more than$8 billion ...