Edgar Bronfman Jr. is preparing an offer for National Amusements, the parent company of Paramount Global (PARA.O), opens new tab, a month after the media conglomerate agreed to merge with David Ellison’s Skydance Media.
The merger journey could take a new turn if Paramount finds another acceptable bidder before its go-shop period ends on Aug. 21.
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National Amusements, which holds the Redstone family’s controlling stake in Paramount, is one of the largest media companies in the United States, with Paramount Pictures, CBS and Viacom under its umbrella.