Veteran media executive Edgar Bronfman Jr. on Monday submitted a $4.3 billion bid to take over Paramount Global (PARA.O), opens new tab through the acquisition of National Amusements, which owns a controlling stake in Paramount, people familiar with the matter said.
The competing offer for the home of Paramount Pictures, the CBS broadcast network and MTV is a fresh twist in a sale process marked by a number of unexpected turns. It threatens to undo a planned acquisition by tech scion David Ellison and his firm, Skydance Media.
Source: REUTER
