Inside the Bronfman Bid for Paramount: No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive

Edgar Bronfman’s late-breaking, $4.3 billion offer to acquire Paramount Global argues that it avoids the “inequitable governance arrangement” of the $8 billion bid by Skydance Media and removes operational distractions of a merger with Skydance, according to the offer letter reviewed by TheWrap.

The offer letter maintains that the terms of his bid are more favorable to second-tier investors by proposing that Paramount operate as a standalone public company.

“Our proposal represents...