Reportedly offers 6 bln usd (Il Sole 24 Ore Radiocor) - Milan, 22 Aug - The businessman Edgar Bronfman has sweetened his offer for Shari Redstone's media empire, a move that could scuttle her deal to sell to David Ellison's Skydance Media, according to The Wall Street Journal.

Bronfman has submitted a revised bid of 6 billion US dollarss for National Amusements and a minority stake in Paramount, the daily said, citing people familiar with the matter. He formally entered the fray on Monday night with a 4.3 billion offer.

Bronfman's new bid includes 1.7 billion dollars for a tender offer that would give non-Redstone, nonvoting Paramount shareholders an option to cash out at a premium of 16 dollars a share, the people said.

Skydance's 8 billion dollar offer involves buying National Amusements, merging Skydance into Paramount and giving nonvoting shareholders a similar option to cash out at about 15 dollars per share.

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(RADIOCOR) 22-08-24 10:23:03 (0222) 5 NNNN