Edgar Bronfman Jr. Eyes Last-Minute Bid for Paramount

As the go-shop period nears its end, Bronfman assembles a consortium to challenge Skydance's $8 billion deal.

Bronfman is in talks with Fortress Investment Group and Roku for backing his bid.
Skydance's deal includes a $400 million breakup fee if a higher offer is accepted.
Paramount shares rose 7% following news of Bronfman's potential bid.
The Skydance deal has faced pushback from investors concerned about minority shareholder interests.
Paramount has initiated significant cost-cutting measures, including layoffs and asset sales.