In May, Pars CEO departed.
In June, four board members stepped down.
Bronfman is the latest potential buyer to emerge for Redstones controlling stake in Paramount, backed by Bain Capital.
(L-R) Shari Redstone, Steven Paul, Edgar Bronfman Jr and David EllisonGetty
That second part would dilute existing shareholders, most of whom hold Class B non-voting stock.
Family-owned businesses especially in media often have two classes of stock to ensure control.
The idea is that shareholders know that when they invest.
Paramount’s studio in Los AngelesDominic Patten/Deadline
So they may have less standing to sue in a change of control situation.
Bronfmans family acquired Seagram in the 1920s and built it into an industry leader.
Bronfman is very real.
He can come up with the money, said a well-positioned source of the former Universal owners eleventh-hour entry.
But it wont stop the lawsuits.
Deadline hears that Sony is continuing due diligence, although partner Apollo has been very quiet.
Paramount shares have been volatile over nine months of deal speculation.
