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International Business Times
International Business Times
Business
Kiran Tom Sajan

Edgar Bronfman Raises Bid To Acquire Paramount Global As 'Go Shop' Period Extended: Reports

Paramount Paramount Global Skydance National Amusements Redstone
Paramount confirmed on Wednesday that it had received an acquisition proposal from Bronfman (Credit: AFP)

Veteran media executive Edgar Bronfman has increased his offer to acquire Paramount Global with a $6-billion bid, according to reports. The bid is to buy National Amusements, the company's controlling shareholder, as well as a minority stake in Paramount itself.

It marks an increase from his earlier $4.3 billion proposal, according to Reuters.

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