By Anthony D'Alessandro, Jill Goldsmith, Dade Hayes
Media mogul Edgar Bronfman makes $4.3 billion bid for Paramount Global
Just this in: Paramount's special committee has extended the go-shop period, as Edgar Bronfman Jr. has raised his bid for the entertainment group to $6 billion.
Deadline has confirmed the news.
Bronfman's originally made a $4.3 billion offer Monday night. The difference before and after is $1.7 billion to cash out some other Paramount shareholders, who hold mostly non-voting Class B shares, at $16 per share That's higher than the $15 Skydance offered, but Skydance has offered to buy more, up to $4.5 billion worth.
