Bronfman Open to Redstone's Involvement

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Bronfman's Paramount bid could keep Shari Redstone involved at the company

Summary

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Edgar Bronfman Jr. is open to having Shari Redstone stay involved at Paramount if the special committee accepts his consortium's bid for a controlling stake.

One of the individuals who is part of Bronfman 's bid is former AOL CEO Jon Miller , suggesting Redstone could potentially have more control over a future Paramount Global than she'd get with Skydance .

Redstone has not spoken with Miller about the bid, according to people familiar with the matter.

Skydance said Paramount Global breached the terms of the go-shop agreement by not alerting Skydance that it planned to extend the window, the report said. Skydance also argued the special committee didn't have the right to extend the go-shop because a bid had to "reasonably be expected to lead to a superior proposal." Skydance argued the Bronfman bid didn't meet the criteria. WATCH: Media power struggle: Paramount deal in jeopardy?.

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formal

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English

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not offensive

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not hateful