A new bid for Paramount could throw a wrench in its planned merger with Skydance.
Edgar Bronfman Jr., a veteran executive and former CEO of Warner Music Group, submitted a $4.3 billion bid for the media conglomerate on Monday night, according to multiple reports. Axios, however, is also reporting he is planning to submit a higher bid soon.
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While this comes a month after Paramount Global agreed to a merger deal with Skydance, the deal gave Paramount a 45-day window to accept a better offer.
A special committee of Paramount's board is expected to meet Wednesday to consider the deal.
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