Paramount Global (PARA) said that its special committee extended the "go-shop" deadline to Sept. 5 as it reviews the latest takeover bid by Edgar Bronfman Jr. that may trump Skydance Media's accepted offer.

The media entrepreneur reportedly raised his offer for Shari Redstone's media empire to $6 billion for Paramount controlling shareholder National Amusements and a minority stake in the entertainment giant.

Bronfman's Reported Offer Exceeds Previous Bid of $4.3B

The Wall Street Journal said Bronfman's new bid, which exceeds his previous 澳洲幸运5官方开奖结果体彩网:$4.3 billion offer, "includes $1.7 billion for a tender offer that would give non-Redstone, nonvotꦫing🅘 Paramount shareholders an option to cash out at a premium of $16 a share," according to people familiar with the matter.

David Ellison's Skydance Media had agreed to a deal with Redstone worth more than $8 billion that involved buying National Amusements and merging Skydance with Paramount, the Journal reported last month.

Paramount shares rose 1.3% to $11.2ꦉ3 as of about 11:30 a.m. ET Thursday. They have lost almost a quarterꦚ of their value this year.