Increased offer in ‘go shop’ period could derail planned $28bn merger with independent studio Skydance
Paramount Global, one of Hollywood’s best-known companies, has received an improved last-minute offer from a group led by the veteran media executive Edgar Bronfman Jr that could gazump its planned $28bn (£21bn) merger with the independent film studio Skydance.
Bronfman, a former Warner Music CEO, and his consortium of investors have sweetened a proposed offer to acquire National Amusements, the vehicle that holds the media tycoon Shari Redstone’s controlling stake in Paramount, which also owns CBS, Nickelodeon and the UK’s Channel 5.
Continue reading… World news | The Guardian
