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'Edgar Bronfman Submits $4.3B Bid For Redstone's National Amusements, Paramount Stake; Bronfman Is Looking To Scuttle A Previous Agreement To Merge Paramount With David Ellison's Skydance Media' - WSJ

Author: Benzinga Newsdesk | August 20, 2024 01:17am

https://www.wsj.com/business/media/edgar-bronfman-submits-4-3-billion-bid-for-redstones-national-amusements-paramount-stake-b7704a11?mod=latest_headlines

Media executive Edgar Bronfman Jr. is formally making his play for Shari Redstone's media empire, in an attempt to scuttle a previous agreement to merge Paramount Global with David Ellison's production company Skydance Media. 

Bronfman has submitted a $4.3 billion offer for National Amusements, the company through which Redstone's family controls the media giant, and a minority stake in Paramount Global, according to people familiar with the situation.

Posted In: PARA


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