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Paramount’s merger: all the news on the drawn-out takeover drama

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Emma Roth
A new $6 billion bid to take over Paramount could undo plans to merge with Skydance.

Media investor Edgar Bronfman Jr. increased his offer to acquire Paramount from $4.3 billion to $6 billion, according to CNBC. Paramount has since extended its “go shop” period to 15 days, which allows it to review offers from other potential buyers. The offer could potentially upend the sweetened deal it reached with Skydance last month.

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