Reported about 2 months ago
Edgar Bronfman Jr. has made a significant $4.3 billion bid to acquire Paramount Global by taking over National Amusements, which controls the media company. This move complicates a prior agreement with Skydance Media that also aimed to acquire Paramount. Bronfman's bid includes $2.4 billion in debt and equity alongside $1.5 billion to strengthen Paramount's balance sheet, introducing a competitive alternative as negotiations continue.
Source: YAHOO