31 Jan 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.”