This week it was reported that Paramount Global was in talks to sell the BET Network for just under $2 billion [click here if you missed that].
Byron Allen offers $3.5 billion in a renewed bid to purchase the network...
From Variety
Media mogul Byron Allen has renewed his attempt to acquire BET Media Group from Paramount Global — extending a $3.5 billion offer.
On Tuesday, Allen, who is founder and CEO of Allen Media Group, emailed Paramount Global senior executives and board, offering $3.5 billion for BET Media Group, which includes the BET cable channel, VH1, BET Studios and streaming service BET+, sources familiar with the situation confirmed to Variety. That’s up from $2.7 billion that Allen had offered earlier in 2023.
Reps for Paramount Global and Allen Media Group declined to comment. Bloomberg first reported on Allen’s renewed offer for BET. Other potential buyers of BET Media Group include BET CEO Scott Mills, a 26-year veteran of the company, and Chinh Chu, a former executive at private-equity firm Blackstone executive who runs CC Capital Partners, who have discussed a price tag of under $2 billion, Bloomberg reported.
11 comments:
I feel the general public is sleeping on Byron Allen
I hope he has a shot. I like what he's doing at the Grio (minus Touré).
I agree that people are sleeping on Byron Allen. He's not all flash, but he's making moves behind the scenes. He give life to the phrase "bad boys move in silence."
BET would be lucky to have daddy Byron. Can he buy ABC and some of Disney’s other linear assets too, please? I would love to work for him instead of Bob Iger.
I'm hoping he gets it. He could make me start watching again.
His yt family will love it
10:29 For real!!!
Right. I wonder if his YT wife and kids would watch BET.
Even with a YT wife and kids, Byron is still better than Tyler Perry.
Hopefully he gets it.
I think Byron is who Christian keys is referring to
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