Edgar Bronfman submits $4.3 billion rival bid for Paramount Global,

(CNBC) Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid for acquiring National Amusements, the company that holds a controlling interest in entertainment giant Paramount Global, 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.

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