(Reuters) -Seagram Co inheritor Edgar Bronfman Jr. is shut to creating a proposal for Nationwide Amusements that may compete with an accepted bid from Skydance Media, Bloomberg Information reported on Thursday, citing individuals acquainted with his plans.
The previous Warner Music chairman had expressed curiosity in shopping for Paramount’s controlling shareholder Nationwide Amusements in June and was ready to supply between $2 billion and $2.5 billion.
Bronfman Jr. can be contemplating an funding in Paramount itself, the Bloomberg report stated, including that the construction continues to be being labored on.
David Ellison’s Skydance Media had struck a deal final month to amass Paramount, one among Hollywood’s oldest studios, which included a 45-day “go store” window to discover a higher provide.
Nationwide Amusements and Paramount didn’t instantly reply to Reuters’ requests for remark. Edgar Bronfman Jr. couldn’t instantly be reached for remark.
