Paramount Global (PARA) is extending its "go-shop" window after media mogul Edgar Bronfman Jr. raised his bid on Paramount parent company National Amusements to $6 billion. Bronfman previously served as the chairman and CEO of Warner Music Group (WMG) and is currently the executive chairman of FuboTV (FUBO).

Yahoo Finance senior entertainment reporter Alexandra Canal explores the known details of Bronfman's proposal.

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This post was written by Luke Carberry Mogan.