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International Business Times

Business

Kiran Tom Sajan

DARK SECRETS: Edgar bronfman submits 4 3 billion rival bid for paramount global | Rare Historical Photos

Paramount Paramount Global Edgar Bronfman Jr Shari Redstone David Ellison National Amusements Skydance Skydance Media Universal Studios

Paramount's board committee could extend the go-shop deadline to Sept. 5, to give it time to evaluate the competing offer (Credit: JESHOOTS.com/Pexels)

Veteran media executive Edgar Bronfman Jr. has made a move to acquire National Amusements, the entity that holds a controlling stake in Paramount Global, with a rival bid valued at approximately $4.3 billion.

Bronfman's bid comes after David Ellison-led Skydance Media and its partners entered a deal to buy Paramount last month.

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