UK investment firm BC Partners and Fortress Investment Group are other names in the mix, Deadline has learned.
ET on August 21 if no superior proposal arrived before then.
About $1.5 billion would flow to the companys balance sheet to pay down debt ditto for Ellison.
(L-R) Edgar Bronfman, Shari Redstone and David EllisonGetty Images
The rest would go towards a $400 million breakup fee to Skydance.
Bronfman offers no cash-out for Paramounts army of Class B nonvoting shareholders.
Paramount Global shares fell today in a down market after news of the bid but are off their lows.
Regulators will need to look at that, but no major impediments are anticipated.
I think the board has to take a look at it.
You dont have the dilution.
Phillips, a former Wall Street banker, served as president of Oracle from 2003-2010.
