Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports By Reuters

(Reuters) -Edgar Bronfman Jr. is open to having Shari Redstone stay concerned with Paramount International if its particular committee accepts his consortium’s bid for Nationwide Amusements, the controlling shareholder, CNBC reported on Friday.

On Wednesday, the veteran media govt sweetened his bid to take over Paramount providing $6 billion for Nationwide Amusements and a minority stake within the media conglomerate.

Bronfman’s competing provide threatens to undo a deliberate acquisition by tech scion David Ellison and his impartial studio Skydance Media.

If Paramount, managed by Redstone’s household enterprise, accepts a proposal that Skydance doesn’t match, it must cough up a $400 million in break-up payment.

Paramount and its particular board committee declined to remark, whereas Nationwide Amusements and a spokesperson for Bronfman didn’t instantly reply.