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Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized

Posted on AllSides January 31st, 2024
From The Center

Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC Wednesday he has the money to finance a deal, despite skepticism around his deal-making. "We have more than enough capital available to us. The real challenge is certainty of close," Allen said. "This deal lives or dies at the [Federal Communications Commission]," he added. Allen, the founder and CEO of...

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https://cnbc.com/2024/01/31/paramount-bidder-byron-allen-has-long-history-of-failed-media-bids-.html

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