Comedian-turned-mogul Byron Allen and his Allen Media Group (AMG) have rendered a $30 billion bid to acquire Paramount Global.
“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,” AMG said in a statement. “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.”
