Bronfman’s offer will include terms that are on par with those offered by Skydance, the media company founded by David Ellison the son of Oracle (ORCL) founder and billionaire Larry Ellison.
These include a proposal to buy National Amusements in an equity deal valued at $1.75 billion, as well as a $1.5 billion investment into Paramount, according to the Journal.
The businessman reportedly has $5 billion in financing commitments, he reportedly told Paramount’s special committee in a letter Monday.
The businessman has reportedly argued that his deal would better suit Paramount shareholders because their power wouldn’t be watered down, as it is in the all-stock Skydance deal, according to the Journal.
Paramount stock was down more than 3% in pre-market trading Tuesday, and has plunged 23% so far this year.
