By Dawn Chmielewski
(Reuters) – Veteran media executive Edgar Bronfman Jr. submitted a bid on Monday to acquire a stake in Paramount Global and National Amusements, the Redstone family company that controls the entertainment giant, a person familiar with the matter told Reuters.
The competing offer for the home of Paramount Pictures, the CBS broadcast network and MTV is a fresh twist in a sale process marked by a number of unexpected turns.
Terms of the offer could not immediately be learned.
(Reporting by Dawn Chmielewski in Los Angeles; Editing by Sayantani Ghosh and Aurora Ellis)
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