Byron Allen Submits Bid To Purchase Paramount Global For $14.3B shorts [Qxuh9xzE8vy]
Byron Allen's Allen Media Group extended a $14.3 billion offer to acquire the remaining shares of Paramount Global. If green-lit, this deal would encompass Paramount's debt, estimated at around $15 billion. According to the outlet, a statement indicated, "Mr. Byron Allen submitted a bid on behalf of Allen Media Group and its strategic partners to acquire all outstanding shares of Paramount Global. We consider this $30 billion offer, inclusive of debt and equity, as the optimal solution for Paramount Global shareholders and advocate for its serious consideration and pursuit."