
"Byron Allen's $14.3 Billion Paramount Bid Sparks Media M&A Speculation"
Media mogul Byron Allen is pursuing a $14 billion bid to acquire Paramount Global's television networks and stations, aiming to sell off key assets such as the studio lot, film studio, and popular franchises. This move would expand Allen Media Group's television holdings and comes after Allen's previous bid to acquire Disney's ABC network. Paramount is considering the sale amid significant value loss in the entertainment business, with other potential suitors including Skydance Media, Warner Bros Discovery, and Apollo Global.



