Edgar Bronfman to Prepare an Offer for Paramount Global
Edgar Bronfman Jr.
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Seagram Co. heir Edgar Bronfman Jr. is close to making an offer for Paramount Global, setting off a potential bidding war for the film and TV company that owns CBS and MTV.
As part of his plan, Bronfman is weighing making an offer for National Amusements Inc., the Redstone family company that controls Paramount, as well as an investment in Paramount itself, according to one of the people, who asked not to be identified discussing plans that aren’t public.