Allen Media Group

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...

Media mogul Byron Allen has reportedly made a $14.3 billion offer to acquire the entire outstanding share of Paramount Global. What Happened: Allen’s company, Allen Media Group, confirmed the offer in a statement to Bloomberg on Tuesday. The offer includes $28.58 for each voting share, a 50%...