Bronfman's Paramount bid could keep Shari Redstone involved at the company
Paramount (PGRE) CNBC·2024-08-23 19:44
Edgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium's bid for National Amusements, the controlling shareholder, according to a person familiar with the matter. Bronfman has raised $6 billion to challenge Skydance Media for ownership of National ...