Edgar Bronfman Eyes $2 Billion-Plus Bid for Company That Controls Paramount

Former media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, has expressed interest in buying the company that controls Paramount Global PARA -0.25%decrease; red down pointing triangle, marking yet another twist in one of the messiest deal dramas in recent memory.

Bronfman, who formerly ran Warner Music WMG 4.00%increase; green up pointing triangle and liquor giant Seagram, is looking to offer between $2 billion and $2.5 billion for National Amusements, the privately held movie-theater company through which Shari Redstone controls Paramount Global, according to people familiar with the situation.

Source: WSJ