Now Paramount is parting with BET for less than $2 billion...
From Variety
Paramount Global’s trio of co-CEOs have publicly said they’ve hired bankers to evaluate the sale of certain assets. Industry speculation has swirled around BET, which has been the target of acquisition offers in the past.
Now Paramount Global is engaged in exclusive discussions to sell BET in a deal valued at $1.6 billion-$1.7 billion to “buyers that include” BET CEO Scott Mills and Chinh Chu, founder of private-equity firm CC Capital, Bloomberg reported, citing anonymous sources. The BET Media Group comprises the BET cable channel, VH1 and other networks; the BET+ streaming service; and BET Studios.
9 comments:
Sad
They saw the award show and said nomore ratchet drama.
Those EBT awards definitely sealed the deal. Nothing but negative reviews.
They refuse to sell it to a black ownership group.
$3.50 cent. Get rid of everybody. Top heads, that's the problem. Dodo Diddy is out so Tyler put up your bid. Most of your shows are on there already.
@10:21 They just don't want to sell it to Tyler because Scott Mills is Black.
Anyway, I'll never forgive BET for ruining VH1.
BET could go off the air today and I wouldn't be sad or miss it.
Screw BET, it’s clearly been tainted.
Screw BET, it’s clearly been tainted.
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