Paramount Faces Rival Bids Amid Extended Review Period

Special committee weighs Edgar Bronfman's $6 billion offer against Skydance's $8 billion merger proposal

Paramount's special committee extended the 'go-shop' period by 15 days to review Bronfman's revised bid.
Bronfman's offer includes $1.7 billion to buy out non-voting shareholders at $16 per share.
Skydance Media argues Bronfman's bid is inferior and threatens to withdraw its own offer.
Both bids involve acquiring Shari Redstone's controlling stake in National Amusements.
The final decision is expected by September 5, with Skydance having the option to match Bronfman's offer.