The Latest Breaking News from Paramount

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Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

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Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.

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Nöthin' But A Good Time: The Uncensored Story Of '80s Hair Metal airs next month

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

Paramount and its main shareholder had previously accepted a bid from Skydance Media

Shari Redstone’s National Amusements gets $2.4 billion

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.