Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports

(Reuters) -Seagram Co heir Edgar Bronfman Jr. is close to making an offer for National Amusements that would compete with an accepted bid from Skydance Media, Bloomberg News reported on Thursday, citing people familiar with his plans.

The former Warner Music chairman had expressed interest in buying Paramount's controlling shareholder National Amusements in June and was prepared to offer between $2 billion and $2.5 billion.

Bronfman Jr. is also considering an investment in Paramount itself, the Bloomberg report said, adding that the structure is still being worked on.



David Ellison's Skydance Media had struck a deal last month to acquire Paramount, one of Hollywood's oldest studios, which included a 45-day "go shop" window to find a better offer.

National Amusements and Paramount did not immediately respond to Reuters' requests for comment. Edgar Bronfman Jr. could not immediately be reached for comment.

Source: Investing.com