Paramount extending ‘go shop’ period by 15 days so it can review Bronfman offer

AP Business Writer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until Sept. 5. The company said there’s no guarantee that the process will result in a superior proposal.