NEW YORK—Even though Edgar Bronfman Jr. has issued a rival bid for Paramount Global, the company is moving forward with possible asset sales, including 12 local TV broadcast stations that Bloomberg is reporting could sell for $500 million to $1 billion.
Paramount Global had agreed in early July to merge with Skydance Media to form “New Paramount” in an $8 billion deal that includes all of Paramounts media assets as well as the acquisition of National Amusements, Inc. (NAI) which holds the controlling share stake in Paramount.
