Paramount Global’s special committee is closely examining a revised $6 billion offer for the media conglomerate by industry veteran Edgar Bronfman Jr. and has extended the “go-shop” window by 15 days to September 5.

The committee always had the option to extend the deadline, which was set to expire tonight, an indication that it is taking Bronfman Jr.’s last-minute offer seriously enough to pause the previously agreed-upon merger with David Ellison’s Skydance Media.

Bronfman Jr. has reportedly increased his offer to buy Sheri Redstone’s National Amusements, owner of a majority stake in Paramount Global, to $1.7 billion from an original $4.3 billion.

It is expected that the additional amount will be used to pay out a number of non-voting shareholders at a price of $16 per share.

In his offer, backed by RedBird Capital, Ellison offered $15 per share, although he allocated a significantly higher amount.

Bronfman Jr.’s proposal calls for $2.4 billion for National Amusements, $1.5 billion for the balance sheet to pay off debt and a $400 million payment to cover a severance payment that Paramount Global would have to pay to Skydance Media if the deal did not go through.

According to reports on Wednesday, Bronfman Jr.’s bid is backed by a consortium including Hollywood producer Steven Paul, crypto investor Brock Pierce, Fortress Investment Group and industry executives John Martin and Jon Miller.

If the special committee considers Bronfman Jr.’s offer to be better than Ellison’s, he could come back with a revised offer.

The final vote on where the company ends up rests with Redstone.