NXST - Byron Allen's Ambitious $10B Offer For Disney's ABC Network And More | Benzinga
Billionaire media mogul Byron Allen has reportedly made a bold $10 billion offer to acquire a significant chunk of Walt Disney Co's (NYSE: DIS) media empire, including the ABC TV network, local stations, FX, and National Geographic cable channels.
The preliminary offer assumes that the targeted properties have generated $1.25 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2022. Allen's proposed price reflects a multiple of eight times EBITDA, and he remains open to adjusting the offer based on actual financial performance, Bloomberg