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 media tycoon Shari Redstone’s controlling stake in Paramount, which also owns CBS, Nickelodeon and the UK’s Channel 5.
