Deals
Byron Allen Builds $40 Billion M&A Wish List With Few Done Deals
- Media exec has made offers for BET, Disney networks, NFL team
- Allen has an estimated net worth of about $735 million
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Byron Allen’s offer to buy Paramount Global is the media executive’s biggest takeover bid yet, leading a $40 billion-plus list of potential targets that’s spanned entertainment networks to National Football League teams.
If successful, it’d be a rare triumph among his headline-grabbing attempts at big mergers and acquisitions, many of which have been thwarted by deep-pocketed counter bidders or regulatory hurdles.