WBD - Bryon Allen Makes $14 Billion Offer: Paramount Global Stock Trades Higher | Benzinga
Paramount Global (NASDAQ:PARA) shares are trading higher Wednesday following reports suggesting Byron Allen made a $14.3 billion offer to acquire Paramount Global.
The Details:
According to a report from Bloomberg, Allen Media Group has made a $14.3 billion offer to buy Paramount Global, offering $28.58 for each voting share of the company and $21.53 for each nonvoting share. With debt, the offer is around $30 billion.
"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," Allen Media Group said in a statement.
Paramount has also received interest from Skydance Media and Warner Bros Discovery in recent months. Skydance ...