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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports
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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports
Aug 15, 2024 11:33 AM

Aug 15 (Reuters) - Seagram Co heir Edgar Bronfman Jr. is

close to making an offer for National Amusements that would

compete with an accepted bid from Skydance Media, Bloomberg News

reported on Thursday, citing people familiar with his plans.

The former Warner Music chairman had expressed interest in

buying Paramount's controlling shareholder National

Amusements in June and was prepared to offer between $2 billion

and $2.5 billion.

Bronfman Jr. is also considering an investment in Paramount

itself, the Bloomberg report said, adding that the structure is

still being worked on.

David Ellison's Skydance Media had struck a deal last month

to acquire Paramount, one of Hollywood's oldest studios, which

included a 45-day "go shop" window to find a better offer.

National Amusements and Paramount did not immediately

respond to Reuters' requests for comment. Edgar Bronfman Jr.

could not immediately be reached for comment.

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