Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven’t materialized
Blog iconDuneplus
Feb 14
Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC on Wednesday that 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 a media group that owns dozens of television networks across the U.S., offered $30 billion for all of...

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