Bronfman submits $4.3B rival offer for Paramount, Reuters reports

Edgar Bronfman Jr. submitted a bid valued at roughly $4.3B on Monday to take over Paramount through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, Reuters’ Dawn Chmielewski reports. Bronfman’s offer includes $2.4B in debt and equity for National Amusements, according to a person familiar with the matter, who adds that Bronfman also would contribute $1.5B to Paramount’s balance sheet, which could be used to pay down debt. Skydance and its deal partners reached an agreement last month to acquire Paramount, under which it would buy out the Redstone family’s controlling stake in Paramount and subsequently merge into the larger publicly traded company.