Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters.
Bloomberg News, which first reported the news Tuesday, said Byron Allen made a $14.3 billion offer to buy all of the outstanding shares of Paramount Global, citing people familiar with his terms.
The multinational mass media and entertainment conglomerate is owned by National Amusements. Its main properties include Paramount Pictures, the CBS Entertainment Group, BET Networks, MTV, Nickelodeon and Comedy Central.
Paramount Global declined to comment.