Bronfman consortium ups last-minute bid for Paramount to $6bn

Increased offer in go shop' period could derail planned $28bn merger with independent studio Skydance

Paramount Global, one of Hollywood's best-known companies, has received an improved last-minute offer from a group led by the veteran media executive Edgar Bronfman Jr that could gazump its planned $28bn (21bn) merger with the independent film studio Skydance.

Bronfman, a former Warner Music CEO, and his consortium of investors have sweetened a proposed offer to acquire National Amusements, the vehicle that holds the media tycoon Shari Redstone's controlling stake in Paramount, which also owns CBS, Nickelodeon and the UK's Channel 5.