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With multiple bidders interested in Paramount Global, the focus has turned to controlling shareholder Shari Redstone and how she will play her hand.
Byron Allen Paramount offer: Is it for real? Wall Street isn't sure, but Allen loves linear TV.
Paramount and every company with a big TV operation is in real trouble at the moment. Why would Byron Allen bid more than $14 billion for it?
Half of Allen's $30 billion Paramount offer is for Paramount+ and the company's broadcast and cable channels.
Is Byron Allen’s $30 billion bid (inclusive of debt) the real deal? Wall Street isn’t sure. Paramount stock ended Wednesday up 6.7 percent to $14.59, a sizable jump on a day when the overall market was down, but well below Allen’s bid for the company at more than $21 per share. It’s a sign the …