Media executive Edgar Bronfman Jr. is preparing a bid for National Amusements, the family company that controls Paramount Global (PARA), in what would mark the latest twist in one of the messiest media mergers in recent history, The Wall Street Journal’s Lauren Thomas and Jessica Toonkel report. Bronfman has had discussions with possible partners including Fortress and Roku (ROKU), according to sources. The effort comes as interested parties have until August 21 to make rival offers for NAI in the wake of the Skydance deal, the publication said.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARA:
- The Surprising Survivor of Paramount’s (NASDAQ:PARA) Layoff Axe
- Mars buys Kellanova, Cardinal Health reports Q4 beat: Morning Buzz
- Starbucks picks new CEO, Google unveils Pixel 9: Tuesday Buzz
- Layoffs Begin at Paramount (NASDAQ:PARA), Entire Studio Gets Cut
- Paramount to cut roughly 15% of U.S. employees, NY Times reports