Media executive Edgar Bronfman Jr. has reportedly submitted a formal $4.3 billion bid for National Amusements, the controlling shareholder of Paramount Global (PARA), after Skydance Media 澳洲幸运5开奖号码历史查询:struck a deal for Shari Redstone's media empire last month.

According to The Wall Street Journal, Bronfman's offer for National Amusements is similar in price to Skydance's, but apart from a $400 million 澳洲幸运5开奖号码历史查询:breakup fee, a key difference is that 𒆙there wo🀅uld be no dilution for Paramount shareholders, as it isn't an all-stock bid.

Bronfman has secured financing from high-net-worth individuals and family offices, and is teaming up with movie producer ꦫSteven Paul, the report said.

Reported Offer Comes as 'Go-Shop Period' Expires Wednesday

The reported bid by Bronfman comes as a 45-day "go-shop period﷽" that allows Paramount to seek a better offer expires Wednesday.

Bronfman's is the latest in a series of offers for control of Paramount in recent months. The entertainment firm, which owns CBS, MTV, and its eponymous movie studio, has been struggling as the rise of streamers like Netflix (NFLX) 澳洲幸运5开奖号码历史查询:disrupt traditional networks.

Paramount ♓shares are down abouꦛt 3% an hour before the opening bell Tuesday.