Published 3 months ago

Allen Media Group Makes $14.3 Billion Offer for Paramount Global

Media mogul Byron Allen has made a $14.3 billion offer to purchase all outstanding shares of Paramount Global, including debt and equity.
Allen's plan involves selling off the Paramount film studio, real estate, and some intellectual property while retaining the TV channels and running them more cost-efficiently. He has secured backing from banks and other investors.
Paramount, owned by the Redstone family, has been the subject of acquisition discussions due to declining operating income. Other entertainment giants have also faced losses from streaming services, leading to cost-cutting measures.

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Reuters

Headline Unavailable

3 months ago·United Kingdom

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CNBC

Byron Allen submits $30 billion offer for Paramount Global, including debt

Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity.

3 months ago·United States

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Globo

Allen Media Group confirms Paramount's $14.3 billion proposal

Billionaire Byron Allen's proposal came weeks after news broke that Skydance Media and Warner Bros. Discovery would have shown interest in Paramount

3 months ago·Brazil

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Benzinga

Paramount Global Shares Skyrocket 15% As Media Titan Byron Allen Makes $14.3B Buyout Offer

Media mogul Byron Allen has reportedly made a $14.3 billion offer to acquire the entire outstanding share of Paramount Global. What Happened: Allen’s company, Allen Media Group, confirmed the offer in a statement to Bloomberg on Tuesday. The offer includes $28.58 for each voting share, a 50% premium to recent trading, and $21.53 for non-voting shares. The deal’s total value, including existing debt, amounts to approximately $30 billion. Paramoun…

3 months ago·New York, United States

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Variety

Byron Allen’s Allen Media Group Submits $30 Billion Offer for Paramount Global

Byron Allen has entered the fray for Paramount Global, submitting a bid valued at $30 billion to buy out the company’s outstanding stock and existing debt. The offer, first reported by Bloomberg News, comes from Allen Media Group and unnamed “strategic partners,” according to a statement from Allen Media Group. “Mr. Byron Allen did submit […]

3 months ago·Los Angeles, United States

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Bloomberg

Byron Allen Makes $14 Billion Offer for All of Paramount Global

Media mogul Byron Allen has extended yet another multibillion-dollar takeover offer — this time, making a $14.3 billion bid to buy all of the outstanding shares of Paramount Global.

3 months ago·United States

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