Byron Allen Makes Offer for Paramount/CBS

Allen Media Group CEO, Byron Allen has made an offer of $30 billion dollars to buy Paramount, the parent company of CBS.

“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 sheres. 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.

Allen joins companies, such as Skydance Media and Warner Brothers who are showing interest in buying Paramount.

So far, Paramount Global declined to comment on the offer.