08:15 AM EDT, 04/29/2024 (MT Newswires) -- Paramount (PARA) shareholders David Ellison and the Redstone family have offered concessions to make a change of control at the company more appealing to other investors, Bloomberg News reported, citing people familiar with the matter.

Independent film producer Ellison is proposing to buy additional Paramount shares at a premium to help boost the company's finances, while the Redstones have agreed to let nonvoting shareholders have a say in approving transactions, the report said.

Paramount's board is still mulling Ellison's offer amid opposition from other investors, Bloomberg said.

Meanwhile, Paramount is expected to fire Chief Executive Bob Bakish by Monday after a clash with Shari Redstone over the company's merger talks with Skydance, media reports said.

Skydance and Paramount did not immediately respond to MT Newswires' requests for comment.

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