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December 26, 2023 - Deals
Byron Allen Purchases Paramount Global Property In Allen Market
NEGOTIATION
IMAGE: Byron Allen
DATE: 12/20/2023
BUYER: Byron Allen
SELLER: Paramount Global
SALE PRICE: $3,500,000,000
NOTE: Media mogul Byron Allen has made a renewed bid to acquire BET Media Group from Paramount Global, extending a $3.5 billion offer. Allen, the founder and CEO of Allen Media Group, increased his offer from $2.7 billion earlier in 2023. The proposed acquisition includes the BET cable channel, VH1, BET Studios, and the streaming service BET+. Allen reached out to Paramount Global senior executives and the board via email. Other potential buyers for BET Media Group reportedly include BET CEO Scott Mills and Chinh Chu, a former executive at private-equity firm Blackstone executive who runs CC Capital Partners, with discussions indicating a price tag of under $2 billion.
Allen Media Group HQ: #LosAngeles #California
Paramount Global HQ: #NewYorkCity #New York
#VentureCapital #ByronAllen #ParamountGlobal #TradedVC
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Archive Secures Strategic Funding Round Led By Anti Fund And Florida FundersArchive has closed a strategic funding round led by Anti Fund and Florida Funders, with backing from angels at OpenAI and Perplexity and more than 50 founders and executives, alongside existing investors including Battery Ventures, Stripe, Tiger Global, Lux Capital and Human Capital. Founded in 2021, Archive uses AI to power social listening and end-to-end creator marketing programs, now serving more than 1,000 brands including DoorDash, Pinterest and L’Oréal.
FOUNDER: Paul Benigeri
HQ: New York, New York
#VentureCapital #Archive #PaulBenigeri #TradedVC