Byron Allen's $10 Billion Bid Shakes Up Disney's ABC Network
TL;DR Summary
Byron Allen has submitted a $10 billion offer to Walt Disney Co. to acquire its ABC TV network, local stations, as well as the FX and National Geographic cable channels. The offer is preliminary and could change based on the properties' earnings. Allen would work with banks and private equity firms to finance the acquisition and may sell his existing local TV stations to avoid friction with other networks. Disney has stated that while it's considering strategic options for its traditional TV networks, no decisions about a sale have been made.
- Byron Allen Makes $10 Billion Bid for ABC, Other Disney Networks Yahoo Finance
- Breakingviews - Disney starts drafting broadcast TV's grand finale Reuters
- Disney Said to Hold Talks About Selling ABC to Nexstar Bloomberg Television
- Disney issues a statement amid reports that it is in talks to sell ABC and its linear businesses wdwmagic.com
- Byron Allen makes $10B offer for ABC, other Disney networks - report msnNOW
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
81%
472 → 91 words
Want the full story? Read the original article
Read on Yahoo Finance