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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Lemma Raises $2.3 Million Pre-Seed Round Backed By Y Combinator And Other InvestorsLemma, a San Francisco-based AI agent observability startup, has raised a $2.3 million pre-seed round backed by Matrix, Y Combinator, Liquid 2 Ventures, and investors from OpenAI, xAI, Meta, and DoorDash. Founded in 2025 by Jerry Zhang and Cole Gawin, Lemma monitors more than 1 million AI agent traces daily to detect silent failures, identify root causes, and suggest fixes directly in the codebase. The company is targeting a growing problem in AI: agents that appear to work in testing but quietly fail in production. FOUNDERS: Jerry Zhang and Cole Gawin INVESTORS: Matrix, Y Combinator, Liquid 2 Ventures, Vermilion Cliffs Ventures, Irregular Expressions, Cervin Ventures, Comma Capital, Position Ventures, Eight Capital & angels from OpenAI, xAI, Meta and DoorDash ROUND: Pre-Seed AMOUNT: $2,300,000 HQ: San Francisco, California #VentureCapital #Lemma #AI #TradedVC #AIInfrastructure

Vals AI Raises $40 Million In Series A Funding Led By Andreessen Horowitz At $400 Million ValuationVals AI raised $40 million in a Series A at a $400 million valuation, led by Andreessen Horowitz, with existing backers 8VC, Pear VC and Bloomberg Beta returning alongside new investors HRT Ventures and Next Ladder Ventures. Founded by CEO Rayan Krishnan and CTO Langston Nashold, the San Francisco startup is building an independent AI evaluation platform that uses private, domain-specific tests to measure models on real-world work. Vals says revenue grew eightfold in 2025, while its customer base doubled and team tripled in six months. FOUNDERS: Rayan Krishnan & Langston Nashold INVESTORS: Andreessen Horowitz, 8VC, Pear VC, Bloomberg Beta, HRT Ventures & Next Ladder Ventures ROUND: Series A AMOUNT: $40,000,000 VALUATION: $400,000,000 HQ: San Francisco, California #VentureCapital #ValsAI #RayanKrishnan #LangstonNashold #TradedVC

Opendoor Technologies Raises $650 Million To Fund Share Repurchase And Growth InitiativesOpendoor Technologies raised $650 million through zero-coupon convertible senior notes to fund its first-ever share repurchase, with CEO Kaz Nejatian calling the move a vote of confidence in the company’s stock and business outlook. The company plans to use about $158 million to buy back roughly 45.3 million shares, while allocating the remaining proceeds toward growth initiatives, home purchases, and corporate purposes as it works toward profitability by the end of 2026. FOUNDERS: Eric Wu, Keith Rabois, Ian Wong & JD Ross INVESTORS: Khosla Ventures, Access Industries, General Atlantic, SoftBank Group, Fifth Wall Ventures, Norwest Venture Partners, SV Angel, 500 Startups, GV & Andreessen Horowitz AMOUNT: $650,000,000 HQ: Tempe, Arizona #VentureCapital #OpendoorTechnologies #KazNejatian #TradedVC