Bronfman boosts National Amusments offer to $6B from $4.3B, WSJ reports

Edgar Bronfman Jr. has increased his offer to acquire National Amusements, the parent company of Paramount, a move that could challenge a deal with David Ellison’s Skydance Media, the Wall Street Journal’s Jessica Toonkel and Lauren Thomas report. Bronfman has submitted an updated offer of $6B for National Amusements and a minority interest in Paramount, up from his previous bid of $4.3B, the authors say, citing people familiar with the matter. The new bid includes $1.7B for a tender offer that would give non-Shari Redstone, nonvoting Paramount investors an option to cash out at a premium of $16 per share, the author notes.