DEADLINE: Byron Allen Makes $30 Billion Bid For Paramount Global In Debt & Equity

Move over, David Ellison, because here comes Byron Allen.

The media mogul and owner of The Weather Channel has made a $30 billion offer for the debt and equity of Paramount Global, Deadline has confirmed tonight.

The official word from Allen Media Group: “Mr. Byron Allen did submit a bid on behalf of Allen Media Group and its strategic partners to purchase all of Paramount Global’s outstanding shares. We believe this $30 billion offer, which includes debt and equity, is the best solution for all of the Paramount Global shareholders, and the bid should be taken seriously and pursued.”

Read the full article here.