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 Glo…
By TradedVC Editorial1 min read
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
ABOUT THE DEAL
- Round
- Not stated
- Company
- Byron Allen Purchases Paramount Global Property In Allen Market
- Desk
- Deals
- Filed
- Dec 26, 2023 · 5:03 AM
- Investors
- Paramount Global
- Byron Allen
More deals
ALL DEALSDeal
Island Raises $400 Million In Series F Funding At $6.4 Billion Valuation
Sep 24, 2026 · 5:25 PM
Deal
Modal Labs Seeks New Funding At $15 Billion Valuation Nearly Tripling Previous Round
Sep 24, 2026 · 4:37 PM
Deal
Micro1 Raises $100 Million At $4 Billion Valuation From Investors Including Microsoft And Amazon
Sep 24, 2026 · 4:20 PM
