Tech Insider
Edgar Bronfman Jr., David Ellison
Media executive Edgar Bronfman Jr. has submitted a bid that throws a wrench into Paramount's deal with David Ellison's Skydance Media.

Michael Kovac and Mario Tama/Getty Images, Evan Agostini/Invision/AP

  • Paramount announced a merger with Skydance Media in July.
  • The deal, however, had a 45-day period that allowed Paramount to seek other bidders.
  • Cue in Edgar Bronfman Jr., ex-CEO of Warner Music Group, who submitted an offer at the 11th hour.

Skydance Media's honeymoon with Paramount has just been put on pause, for now.

Tags
Media, Paramount, skydance-media, mergers-and-acqusitions, edgar-bronfrman-jr
Source
Looks like Paramount really does have a second bidder