Edgar Bronfman is open to having Shari Redstone remain involved should his bid for a controlling stake in Paramount Global be successful, Alex Sherman of CNBC reports, citing a person familiar with the matter. Bronfman has raised $6B to challenge Skydance Media for ownership of National Amusements, the holding company founded by Sumner Redstone, sources told CNBC. At $6B, Bronfman’s bid would give cash to about 20% of Class B holders at $16 per share and Skydance would pay out about 50% of current Paramount common investors at $15 per share as part of its bid, people told CNBC. It’s not clear if Redstone prefers one offer over the other, adds Sherman. The Paramount special committee will determine if Bronfman’s offer is a superior proposal for shareholders by August 28.
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