Media mogul Edgar Bronfman, Jr. has officially submitted his bid to acquire Paramount Global (PARA) to its parent company National Amusements, according to the Wall Street Journal. Bronfman previously served as the chairman and CEO of Warner Music Group (WMG) and is currently the chairman of FuboTV (FUBO).

Yahoo Finance senior entertainment reporter Alexandra Canal weighs in on Bronfman's $4.3 billion bid to rival the offer from David Ellison's Skydance Media amid the "go-shop" window allotted for Paramount to close on any deal.

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This post was written by Luke Carberry Mogan.